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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 ?
Second, even if every controversial decision had gone against Liverpool the most likely explanation is innocent - that referees are imperfect human beings doing their best and their mistakes will occur randomly.
I agree with the Windsor Report's recommendation those who have gone against Church teaching should not attend representative Anglican gatherings.
It was the latest in a string of refereeing decisions that have gone against Sunderland this season, and prompted a call from referees' chief Keith Hackett.
Every single decision has gone against this team in every single game recently.
We've gone against each other a lot more than I've ever played Arizona State, Arizona, UCLA - any of those teams,'' Carroll said.