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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 ?
SIMON GRAYSON looked ahead to Town's final two tune-up games and told his team: "None of you are guaranteed a place when the season gets going."
THE festive season gets going in Exhall with the annual Christmas fair.
The Czech underdog was one of two players to come through the opening round yesterday before the main action gets going today.
The fun run gets going at 10am at the Abbey Stadium on March 16, and sports stars and celebrities will be taking part.
It all gets going tonight with tickets on the door (pounds 5/pounds 7), with Saturday, October 29 (pounds 5/pounds 7) and Sunday, October 30 (pounds 3 from 10-2 only
"What we show is that once one of these [transformations] gets going, a lot of water can be released over decades or hundred-year timescales."
But Newcastle, for instance, are willing to offer Robert Lee in part exchange once their season really gets going.
The Pony Asia Pacific Zone Mustang-9 and Mustang-10 Championships gets going on Thursday at Tanauan City Sports Academy with host Philippines seeking to cash in on home field advantage and boost its twin bid for the titles and berths for the coming World Series.
Manila Southwoods Masters parades a curious mix of young and veteran players as it sets out for its title-retention drive in the 2018 Luzvimin golf tournament which gets going tomorrow at Taal Splendido Golf Club in Laurel, Batangas.
Science Central The Rugby World Cup arrives in Newcastle this weekend with three exciting matches taking place at St James' Park and as the action gets going on the NUFC pitch you can enjoy all the fun of the fair in the Fan Zone at Science Central.
THE ICC World Cup gets going this evening with Australia proving solid favourites at a general 2/1 to triumph.
Three come-backing veterans are expected to renew their rivalry when the third leg of the 2014 Petron Ladies' Beach Volleyball Tournament gets going today at the sand courts of the De La Salle-Health Sciences Institute in DasmariAaAaAeA~as, Cavit