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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 ?
The story also goes to prove - says the Man-in-Charge - just how desperate I was for those chocolates.
It goes to prove that some of us Cardiff fans are not as bad as some of the media and police make out.
It all goes to prove that the best man won as he was miles better than Gareth anyway.
This has been demonstrated to us in the form of sales, which goes to prove that the user always needs more storage on the removable side of business, it makes the LS-240 SuperDisk all the better.
READER Derek Parker's letter where he denies climate change, just goes to prove that many people are happy to bury their heads in the sand.
It goes to prove Obama is a born leader in a class of his own.
ROWAN Williams, the Archbishop of Canterbury, pictured, is said to be one of the great thinkers of this country, his comments on Sharia Law last week goes to prove that the church is totally out of step with the general public.
However, it just goes to prove the idiocy of those who did this and put at risk the lives of those who are there to serve and protect us.
The arrogance of this talentless show host just goes to prove the situation in Ireland remains depressingly the same.
However,it is worth bearing in mind Oleg comes from the Ukraine, which just goes to prove -everything is relative.
This goes to prove what Gilbert and Sullivan said, as a joke, more than a century ago: A lot of MPs thinking for themselves is something too awful to contemplate.
Which all goes to prove that it doesn't matter if you're the lowest or the highest in the land - becoming a new parent can still turn your heart into a bowl of mush.