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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 room in which I lodged lay next to the Dutchman's, and having dragged the heavy thing with much ado out of the chamber into mine, I went out into the street, to see if I could find any possibility of carrying it off.
Up to the time we went out last night the family hadn't heard about Jake Dunlap being murdered.
We hardly exchanged a word during breakfast, and immediately afterwards I went out for a walk, that I might think the matter out in the fresh morning air.
They came into my life and they went out of my life, and the picture is as I have said, without beginning, the end without understanding.