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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.

Goes

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

GO

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 ?
GOING DOWN United's James Perch reacts after being headbutted by Pepe Reina
Sporting: 200-215 For Whom The Bell Tolls (50pts per team going down last level and losing, 25pts going down last in front and halving, 10pts per ball in water).
Although the cost of hardware is going down, both networking and physical storage demands are still skyrocketing.
"Everyone talks about the irrational exuberance going up in the stock market and, in the secondary markets where the benefit comes from that, there is going to be some irrational exuberance going down."
Nuneaton Under-14s also suffered a disappointment going down 2-1 to Wolverhampton in their Midlands Divisional Wolverhampton Wanderers Trophy second round clash at Nicholas Chamberlaine School.
The height of the parapet along the Skyway is only 0.40 meter (about 16 inches), while the height of the parapet at the exit ramp going down to Amorsolo Street in Legaspi Village is 0.6 meter (about 24 inches).
Blyth Seahorse were no match for Cowpen Percy Arms, going down 6-0.
GOING DOWN Eduardo crashes to the ground as Celtic goalkeeper Artur Boruc looks on
Cleveland Under-12s were also disappointing, going down by 40 runs to Northumberland's younger representative side at Blagdon CC.
BLUES, losing 3-0 and down to 10 players with 20 minutes to go in the Premier League Cup quarterfinal at Watford yesterday, almost pulled it back before eventually going down 3-2.
He stumbled a few steps before going down and the referee gave nothing.