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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 ?
Rumors of a new Osiris-sponsored board company for Tyrone "T-Bone" Olson are also going around, with Dave "Not Leaf Boy" Coyne as co-conspirator.
Yes, your athletes will be going around in circles while circuit training, but they will also have fun and improve their conditioning.
Scots adventurer Jock Wishart sped into the record books yesterday after going around the world in 74 days.
Imagine going around with a 10- or 15-pound weight hanging around your neck," he remarks.
Gaga, 23, real name Stefani Germanotta, said that there are some big misconceptions going around about her, and that one of them is about her having a penis.
And it's not because they like watching cars going around in circles.
So that's four to go, I think another one would be okay, that's five in the car, but the journey's not too far, If you want another friend to come, that would be six, we can fit them all in, but we'll have to have the passenger door ajar, Looking back, I knew it was a mistake to take so many, especially going around the lion's den with that passenger door ajar, It was hot and noisy, you could hardly hear yourself speak, and so maybe I let too many people travel in the car, Well we are off home now, and I have just done a quick head count, and I am sure I only counted five, We must have lost one going around the lion's den, still what a great day we've had, and the rest of us are still alive by A.