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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 classic literature ?
The old Tower musket went off with a bang, and a young buffalo bellowed in pain.
Aramis went off at once, begging Athos not to remain alone within reach of D'Artagnan and Porthos; a piece of advice which was received with a contemptuous smile.
I rather fancy it was those North Downs, for the road went off into grass, and I got into another wood.
Sedley had taken an hysterical adieu of her daughter, the pair went off to the carriage.
Here, you little beggars," Dobbin said, giving some sixpences amongst them, and then went off by himself through the rain.
But I was in such a hurry that I went off by myself; and I had no trouble in finding these good people.
One of the explosive devices went off outside an electricity unit in Cairo's Maadi neighborhood, damaging three cars, while another one went off in Zaytoun.
At around 9am on Tuesday, August 9, damage was caused to the outside electric box of the home and the electricity went off.
BAGHDAD / NINA / Two people were killed and 15 others injured on Saturday 19, July when car bombs went off in the Bayya and Jihad neighborhoods southwest of Baghdad.
PENSIONERS ended up getting a soaking after a Liverpool supermarket's sprinkler system went off unexpectedly.
A BOMB squad rushed to a prison after an alarm went off inside a sealed-up smuggled package.
Two car bombs struck a marketplace in the city of Hillah, some 100 km south of Baghdad, while a third car bomb went off in an industrial area, a local police source said.