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Related to gone down: gone down the drain

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 classic literature ?
The Jack at the Ship was instructed where the drowned man had gone down, and undertook to search for the body in the places where it was likeliest to come ashore.
The cost of running a car has gone down, so why hasn't the cost of travelling on a bus or train?
BRAZ AZ AZIL star Fred's moustache has star Fred's moustache has gone down well with some Hoops fans.
When we went down we went through the whole business plan and everything else with a fine-tooth comb, through the whole organisation of the club and this club is now a much stronger organisation for having gone down again and come back up.
He said he felt sorry for the clubs who went down with 39 points and added: "The teams that have gone down are not bad sides.
He went down more slowly than any fighter had ever gone down, he went down like a large ship which turns on end and slides second by second into its grave.