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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 ?
Contract awarded for Korea Baduk and porch repair work
The company entered into the online game industry in 2004 and launched its online game portal "GAMORI" to provide a range of games including web board games (Janggi, Baduk, Omuk), Casual Games (Be Happy, Square Bombs, Ball Tang), RPG Casual Games (ChaosGem) and others.
There will be competitions in billiards, bowling, chess and baduk (Go), electronic sports, dance sport, futsal, indoor kabaddi, kickboxing and muay, kurash and short course swimming.