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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.


References in periodicals archive ?
The poem begins with the crisp sound of wei-ch'i stones pounding on a "dry board" - everything, the poet implies, has withered with the autumn, even the wei-ch'i board.
Ch'ien Ch'ien-i's style of wei-ch'i poetry was shared by his contemporary, Wu Wei-yeh (1609-72), who like Ch'ien was a leading poet of the time, and an official who enjoyed the dubious distinction of serving two dynasties.
In leisure, my window facing pines, I study old wei-ch'i manuals; National experts were not altogether lacking in those years.
In the first line, the study of old manuals, an important practice of wei-ch'i players, suggests the review of old political and military records.
On the first level, the image refers to attempts to counter the formation of eyes in actual wei-ch'i playing.
Besides offering metaphorical commentary on martial and political matters, a wei-ch'i board is a theater of possibilities.
The cosmos is a wei-ch'i board, The battlefield of Black and White - Trivial as worms and ants,(49) Great as marquises and kings.
These lines compare the wei-ch'i board to a battlefield, where straggles may be as petty as those between insects, or as great as those of nobles and kings.
The lines reveal that Wang An-shih played wei-ch'i merely for entertainment, as is vividly confirmed in an anecdote: "Wang An-shih's wei-ch'i style was extremely low.