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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 Laurell is elected, McConkey said the council will ``giggle'' their way through council meetings and simply go along with City Hall staff.
At first you hesitate to go along with this fabrication, which is as far removed from plausibility as the snow in August of the novel's title.
Jones' are Adam dreaming of being a big star, but nobody is aware of the hassles that go along with it if you are Adam Duritz or Jennifer Aniston or whoever.
DiPadova finished with three scoring passes and he liberally spread the offense around, using five different receivers to go along with the counterpunch of Hurns.
While The Citadel in South Carolina decided in just two days to go along with the decision - and has four female cadets this year - VMI had put off acting while it weighed the possibility of going private to preserve its traditions and discipline.
To make sure that the mixed-use gets built, the city has given height, density and parking incentives to developers who go along with the daffy idea.