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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 ?
Chapter One: Overview of China's Corn Seed Industry Development
He said that quality of certified seed, being better than the approved seed, would be carrying a comparatively higher price tag.
5 seed Mira Costa Manhattan Beach proved when it beat Hart 46-45 on Dec.
Scientists have engineered cotton plants to produce seeds that are missing a poisonous compound that had previously rendered them inedible.
In addition to offering more convenience and increases in efficiency," Long says, "the use of a seed treatment means the product is targeted at the source of the problem.
Many have their roots in the cherished seed varieties that were brought to North America during the late nineteenth and early twentieth century, mostly by immigrants, while others derive from native plants.
Since the herbicide was highly effective, Monsanto also developed seeds that were resistant to Roundup, so-called "Roundup Ready" seeds.
Although there is still some excellent organic seed from last year's harvest it will not take long for stocks to run out.
In addition, tremendous consolidation within the garden seed industry has and is occurring.
SEED has begun work with the New York Women's Foundation, a public charity with a membership of 9,000 donors which gives grants to 35 organizations.
Not all space-mutant seeds sprout big results, though.
The seed material used to date has been powdered limestone.