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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.

Goes

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.

GO

References in periodicals archive ?
According to a 2004 survey conducted in five countries, 40% of Americans surveyed said they had gone without care that they needed in the past year because of the cost.
During much of Scioscia's six-year tenure, the Angels have gone without a full-time DH, sometimes by choice, other times because of injuries to Brad Fullmer or Tim Salmon.
The county medical examiner concluded that she had gone without fluids for at least five to 10 days before her death.
Her doctors report in the July 15 JOURNAL OF THE AMERICAN MEDICAL ASSOCIATION that "as far as we know, this is the longest time ever reported" for a person to have gone without breathing and be revived.
Too many of our hard working families and other uninsured individuals have gone without insurance for too long.
How many Test innings has Alastair ow many Test innings has Alastair Cook gone without scoring a century?