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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.
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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 ?
9 Wei-ch'i gained widespread popularity during the T'ang dynasty.
13 I cite a few more examples of the juxtaposition of wei-ch'i and poetry.
14 Wei-ch'i playing was long considered good practice for war.
19 Chang Yueh played wei-ch'i with Wang Chi-hsin; see Tuan Ch'eng-shih (c.
292) "Wei-ch'i fu": "Dotted stars spread." See 1-wen lei-chu (Peking: Chung-hua, 1982), 74.1271.
1148-67) infers Liu Yu-hsi's wei-ch'i skills from these lines: "I have always loved these words.
Fan Chung-yen's addiction to wei-ch'i is seen in his exhilarating lines: "Forcefully urging wine on people, I want to be drunk together; / Having a big victory in a wei-ch'i game, how can I let my adversary off?" See his "I-yun ch'ou Pin-chou t'ung-p'an Wang Chi t'ai-fu," Fan Weng-cheng chi, 4.12b (SKCS).
30 This characteristic shared by wei-ch'i and warfare was pointed out early, in Ma Jung's (79-166) "Wei-ch'i fu": "Looking roughly at wei-ch'i, it simulates the art of war.
273) term "k'u-ch'i" (dry wei-ch'i pieces) in his "Po-i lun": "How can three hundred dry wei-ch'i pieces compare with a general who commands ten thousand soldiers?" See San-kuo chih, (Peking: Chung-hua, 1973), 65.1461.
40 The phrases ts'an-ch'i or ts'an-chu frequently appear in Ch'ien Ch'ien-i's wei-ch'i poems.