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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 ?
Peter, 19, who also lives in Jesmond, said: "It is exciting going back but it was scary going to a new school.
Going back to your childhood in Liverpool, what was that like?
Some say he was named after his grandfather who, after suffering along the Trail of Tears in 1838, dreamed of "going back" to his native Cherokee homeland in what is now the western part of North Carolina (see www.geo cities.com/TheTropics/Shores/4682/ chiltoskey.htm).
There's a full-on fight to try to keep the city from going back to where it was.
Gather all the information you can about going back to school.
The prospect of going back sick and dying is not a nice one, especially when it includes disclosure and rejection in most cases.
When Stacey Plummer and her husband Trent learned that the Youngs had decided not to adopt Genia, they became dismayed by the girl's potential fate: going back to the orphanage in Siberia.
The women's self-help groups stepped in to prevent their men from going back to pesticide shops.
I first saw Going Back Home (35 mm, 2 x 30 seconds, 2000) three years ago at Toronto's Images Festival, and in 30 seconds (played twice so that you don't miss it) it neatly encapsulates the concern with home that infuses almost all of her work.
"I ain't going back to that filth, that hell house!" I told her.
These isles have embraced the New Feudalism and there's no going back.