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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 ?
Across the 29 sub-Saharan African countries Gallup surveyed between 2006 and early 2008, a median of one in three residents (33%) said they or their families had gone without enough to eat several times or more in the past year, and a median of 26% said this had happened just once or twice in that period.
Mojave teachers have gone without a raise for three years, though last year they received a one-time 6 percent bonus.
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.
AROUND one in 10 families in the UK has gone without medicine or food because they were too poor to afford the cost, a report reveals.