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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 ?
If squabbles run over again into the start of the season, that dream could be wrecked from the word go.
The 4-1 favourite had finished runner-up in the race a year ago, but always looked likely to go one better as she made the running up the centre of the course from the word go under Joe Fanning for a comfortable length-and-three-quarter success from Star Of Arabia.
CAREER: A child star, she was thrust into the mainstream from the word go, playing Cher's daughter in Mermaids and also appeared in Michael J Fox comedy thriller The Hard Way.
The scripts are perfect from the word go - everything is beautifully balanced.
Of their on-screen chemistry, Phillip, 49, told Heat magazine, out today: "We just knew it was going to work 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.
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.