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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 ?
However, the mobile landscape is going to prove considerably harder to conquer, particularly with mobile operators controlling network and device access.
We are going to prove we own the Rock," said resident Lilian Carroll, 60.
This guy in our cab started saying `My name's Lennon and I'm going to prove it to you - I've been waiting outside for you'.
Most business owners have not considered how they are going to prove that they have complied with the FACTA regulations," says Hastert.
I'M afraid this year's presidential election is going to prove pretty boring.
He's improved over hurdles since his last Flat effort, but I like the fact that he stays so well and that attribute is going to prove so vital there today as the ground is deeper than Greedy's pockets.
KC Flightt, Executive Vice President of RMD Dance adds, "The next few months are going to prove to be both challenging and rewarding with the demand for our product being what it is at this time.
Running in a Grade II against 4-year-olds, we weren't going to prove nothing,'' Polanco said of passing on the El Encino.
Something you thought you'd never be able to handle is going to prove so easy you'll take on a bigger challenge still .