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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The conditions were chosen taking into account the previous studies on rheology of GOS [8].
The photocatalytic capability of Ti[O.sub.2]-intercalated GOs was derived from Ti[O.sub.2] nanocrystals, which were mainly influenced by their crystal form, degree, and morphology.
However, the Project Team managed to overcome all these hurdles with the full support of the GoS, especially the Energy Department and PPP Unit of the Finance Department.
Among patients with lethal outcome of GOS 1-5.9% had NIHSS <5, 11.8% had NIHSS 5-15, 11.8% had NIHSS 15-25, 70.8% had NIHSS >25.
Analyses indicate that relationships were statistically significant, with correlations being strongest for total discharge GCS and FOUR scores and 12-month GOS scores (r = .61, p < .000 for 24-hour GCS; r = .53,/>>> < .000 for 72-hour GCS; r = .73, p < .000 for discharge GCS; r = .58, p < .000 for 24-hour FOUR; r = .48, p < .000 for 72-hour FOUR; and r = .72, p < .000 for discharge FOUR).
The total commitment by Touchstone in relation to the acquisition is GBP500,000 (USD800,000/EUR639,300), which comprises GBP250,000 for the acquisition itself and starting capital for GOS Systems plus a further GBP250,000 to support the company's growth.
Govt of Sindh (GOS) asked Sindh Bank to use its expertise and act as an executing agency of the scheme by inviting applications of loan from sick industrial units located in rural areas of the province of Sindh, appraisal of loan and its recovery as per State Bank of Pakistan Prudential Regulations.
To further this mission, Quentin Knights, who formerly led GOS Americas operations has been named to the newly created position of Executive Vice President of Global Operations, GOS.
Fast pyrolysis experiments were performed with a 2.0 g sample of powdered GOS, moisture 3.8%, or polypropylene.
The structures of GOS produced by enzymes of different bacteria have been studied [8, 9] as have those from commercial GOS production [10, 11].
Despite these national guidelines, not all women diagnosed with ovarian cancer receive care from GOs. Non-Hispanic African American women may be at higher risk of not receiving this care compared to non-Hispanic white women.