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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.

Goes

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.

GO

References in periodicals archive ?
It goes without saying that this fellowship is a great honor and I am delighted that the Royal Institute has accorded me the privilege of joining such an illustrious circle," said Rafael Vinoly.
It goes without saying that it is also possible that low glutathione is correlated with, but not causative of, autism.
It goes without saying that the deflation and recession involved in any attempt to rectify Italy's debt position within monetary union will bring widespread private-sector default.
Of course the last trick turns out to be a narc, so it's off to the juvenile hall, and it goes without saying that she never sees Ryo again.
Meanwhile, poor Dougal goes without roller-blading, so you know it's going to end in tears.
And it goes without saying that the five children who survived have not given their consent to serve as donors.