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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 ?
For all of Zidane's and Henry's skills, all their artistry, their game is appreciated more than loved -- in contrast, say, to Brazilian star Ronaldinho's -- and the passion missing from their game, from France's game, threatens to derail its title try before it really gets going.
But it takes sellers a long time to catch up - the surge in new properties coming onto the market generally only gets going in March and April.
THE eight survivors in the Embassy World Championship return to the Crucible Theatre today with seven times champion Stephen Hendry admitting: ``The tournament really gets going from the quarter-finals.
The jockey said: "It's nice to get a good few winners on the board early doors and hopefully it will get a few people noticing for when the season really gets going in a couple of months.
For a given initial state, such a machine may never stop once it gets going, and therefore may never come up with an answer.
And when the advertising/promotion gets going, as it will very shortly, there will be a flood of new participants.
Eleven titles are at stake when the opening leg of the 2017 Petron ROK Karting Super Series gets going this weekend at Palawan International Circuit in Sta.
Once a virus gets going in communities, it gets going.
A guy like Juan Rivera coming back is going to have to get enough at-bats to get into a groove because we know how he can help us if he gets going.
Give it a miss, though, as there are few better players among the balls than Doherty when he gets going.
Programmes cost pounds 1 and the first race gets going at 8pm.
If subduction is really starting, scientists believe it will be 5 million to 10 million years before this process really gets going.