(redirected from goes down)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

General Obligation Bond

In the United States, a municipal bond in which the issuing locality pledges to use all revenues at its disposal to pay bondholders, including the raising of property taxes. Should a sufficient number of residents not pay their property taxes that it impacts revenue for bondholders, the terms of the bond legally require the municipality to raise property taxes to make up the shortfall. There are two basic types of general obligation bonds. A limited GO allows for the raising of property taxes up to a certain percentage, while an unlimited GO theoretically allows the municipality to levy taxes of up to 100% of a property's value. Because an unlimited GO provides a great incentive to pay property tax on time, and because many states only allow such a bond to be issued following a vote on the matter, credit ratings agencies usually rate them higher. However, both types of GO are generally rated highly.


To trade, especially at a given price. For example, one may say that a stock "goes" at $10, meaning that one may trade at its current share price of $10.


References in periodicals archive ?
REF JUSTICE: Fernando Ricksen goes down under Gavin Rae challenge, but Rowbotham rightly waves play on.
In Burr Steers's acridly autobiographical Igby Goes Down, a well-to-do chap played by Bill Pullman takes his two young boys to see the screwball classic Bringing Up Baby, but no one has much to say about it.
When it goes down, it is extremely difficult to hit.
If the motor goes down," he says, "we, and most other suppliers of these systems, provide the user with backup vacuum and drying systems that minimize downtime.
Every time your Internet connection goes down, you lose money" stated Dave Mandel, Product Manager for Micro Sharp Technology.
There is a difference between someone who blatantly dives when no contact is made and someone who goes down easily after contact.
I understand windows when (Scioscia) puts Benji in against lefties, but you'd like to have the confidence of when Benji goes down or Eck goes down, you can do the job as well.