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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 major afferent contribution is mediated by the spinal root C2 peripherally represented by the GON [9,16].
In fighting the extradition requests, Ye Gon's legal team has argued that the Chinese-Mexican businessman would likely be tortured or killed if he returns to Mexico.
In all patients, the GON blockades were performed in the Algology department by the same algologist.
South Korean intelligence officials had reportedly said that Choe was sent to the countryside for re-education. Now, it's been (http://www.japantimes.co.jp/news/2015/12/30/asia-pacific/politics-diplomacy-asia-pacific/former-north-korean-no-2-resurfaces-after-purge/#.VoTJk7Z96M-) speculated that Choe might take Kim Yang Gon's place as top aide to the country's leader.
It looked like Gon would force a tie-break at least when he led 40-0 at 5-5 but Murray won the next ve points to leave himself serving for the match.
How you gon' tell him He can't hold the mic, As if his
The investigation centered on Chinese-Mexican businessman Zhenli Ye Gon, whom prosecutors described as a high-stakes player who gambled at several major casinos, including the Venetian from 2004 to 2007.
A amostra foi dividida em tres grupos, sendo um grupo composto de 06 criancas ouvintes normais (grupo ouvintes normais- GON), 06 criancas implantadas (grupo usuarias de Implante Coclear--GIC) e 06 criancas usuarias de AASI (grupo de usuarias de AASIGAASI), de ambos os generos.
The Government of Nigeria (GON) should amend the law to bring it into compliance.