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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 ?
Gorab also offers some advice for facilities seeking to improve infection control methods, achieve better clinical outcomes, or see a marked reduction in readmission rates.
The Additional Solicitor General, Gorab Banerjee strongly pleaded in support of the Sub-Quota, but Court upheld the Andhra Pradesh High Court order.
"The Cairo University has signed an agreement with the UN allowing those students to complain to the international organisation about denying them the right to education and sitting for exams because they wear the niqab," said the lawyer Nezar Al Gorab. He added that the report to be compiled by the UN on the issue would negatively affect the integrity and standing of the university.
(2) Em 15/10/2012 foi divulgada uma circular sobre o evento promovido pelo Geography of Religions and Belief Systems Speciaaty Group (GORABS) com o tema "Debating Secularization: Theory and Practice in Geographies of Reeigion".