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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 ?
10sec (normal) effort, with kennelmate Brave Display going round in 16.
Since lack of knowledge forces people to err on the side of caution and seek unnecessary medical care, the founders of What's Going Round believe that access to reliable, real-time data about contagious diseases, and treatments, will help address this problem.
MR S, Newcastle WHO are these unlicensed scrap dealers going round the back lanes in Gateshead and Newcastle?
I can go forwards and backwards and am now learning about the different edges and going round corners on one foot.
For the past year, Six Flags California and the small town have been going round and round in a struggle to bring back just one of the carousel's horses to Connecticut for the Sept.
The three-month old kitty got into a spin when the machine was switched on - but he survived 20 minutes going round inside.
One out of four verses had been copied, and Jesus in a Camper Van took the central idea from the Loudon Wainwright version that the Son of God attracted bad luck by going round saying 'I am the way'.