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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 ?
I just went as long as I could and if Greg went around me, he went around me, but we just went 1-2, it was incredible.
If one went around the world and gathered the opinions of various stakeholders in financial markets, one would find they firmly believe in two things they did not believe in ten years ago.
Cobra 81, who had rolled off the perch in front of his wingman, went around, joined up with Cobra 82, and saw that one of the main landing gear doors was stuck open, but all three gear appeared to be down and locked.
The church supported what seemed to be the obvious position that the Earth stood still and everything else in the firmament went around it.