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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 ?
But for Ganske, "This goes to prove that even HMOs know that there are more than a few rotten apples in the barrel.
All of which goes to prove that if you live long enough, you'll eventually find out what's going on.
All of this just goes to prove that National Champions can be found anywhere, from Sequoia National Park, home of the General Sherman giant sequoia, to Hoopy's RV Park in Alamo, Texas, where grows the National Champion great leucaena.
It goes to prove that the education community is willing to reach out towards innovative approaches to improve North Carolina's schools and meet pending No Child Left Behind legislation.
As I stated previously, obviously our sympathies go out to the people concerned, but it just goes to prove that if a bomb explodes in a western city, it certainly gives us great deal more anxiety and coverage than anything that happens in the Middle East or Pakistan.
Which goes to prove, I really don't know my a*** from my elbow.
Giving jobs to foreigners at a time like this goes to prove that our economy is still being run by a bunch of unpatriotic balm-pots.
It goes to prove Obama is a born leader in a class of his own.
Which just goes to prove that life is essentially unfair.
Which just goes to prove that as long as you wow your customers after a complaint you can usually get away with upsetting them.
Which just goes to prove that no matter how hard you try not to find out the result of as game, modern technology means that someone can unexpectedly spoil your day even if they are the other side of the world at the time.
Which only goes to prove that, of all the gadgets I could have come across, that ballfinder at Roger Dunn may have turned out to be the stroke of genius.