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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 ?
Gloucester, resuming 144 runs ahead on 74 for two, showed the urgency needed to achieve an early declaration from the word go.
Playing on their home court, the KBBC enjoyed an edge over the rivals right from the word go and led 38-29 at half time.
ART MARKET (Jo Crowley) Trounced a big field at Lingfield on Tuesday, never in any danger from the word go and won the race by six lengths; clearly in rude health at present.
You can also have a complimentary one to one consultation and receive advice on all aspects of parenthood while organising a shopping list for everything you and your baby will need right from the word go.
"They put us under pressure from the word go," he said of yesterday's match.
I got the best of treatment from the word go from myGP to the nurses and doctors in Aberdeen Hospital and all on the NHS.
With pounds 750 in prize money at stake, pounds 400 of which goes to the winners, Flyers staked their claim from the word go by beating Exhall East 4-3 and now face another Bedworth outfit this coming Sunday in Collydogs, who ended the hopes of RAC A with a confident 5-2 triumph in their opening match.
Lady Herries said: "From the word go she has been a super jumper.
Owen was obviously ready from the word go and yet he had to wait his chance.
Dolan said: "It is just experience, you just have to go out and get stuck in from the word go.
The players who are fit just have got to rekindle the spirit and energy on display against Manchester United right from the word go in Lyon.
His song is a 'perfect' upbeat, catchy slice of pop, that has you humming it from the word go.