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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 ?
It just goes to show once again that money does not buy happiness, and at the end of the day we all have feelings, and deserve to be treated with dignity and kindness.
All this goes to show the narrow-mindedness of these ignorant Welsh people who try to hinder the development of the local economy.
In some ways it goes to show that a lot of them were no different than any other bands.
This goes to show that the safety and health problems at BP are not solely a result of employee error and are a failure of the system as a whole," said USW District 13 Director Gary Beevers.
It just goes to show, that in volleyball anything can happen,'' said Reinholm, who had 20 kills.
It just goes to show you, if a job is done with diligence and dedication, people appreciate the effort.
He adds, "This just goes to show the value-add our products can add to the mortgage industry, and I hope others will take advantage of our experience and technology.
It just goes to show what many education reformers have been saying for years: Students will rise to meet high standards if given an opportunity and the resources - and perhaps some nice neckwear.
It just goes to show the impact a program like this can have," said Gina Cunningham, regional marketing manager for Cellular One, who, along with Rena Travis, the area's administrative assistant, conducted the recent program at Belle Valley Elementary.