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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 ?
Tom Cruise, left, returns as Jack Reacher in Never Go Back
Alvarez said Molina's rich collection of primary sources on Philippine history should inspire budding history students and Filipinos to go back to basics to advance historical research in this time of
Dawn seems ready to go back to her life before she experimented with English ways, which includes going back to her husband.
Yusuf Kobi explained that the primary objective of the TGT program is to encourage the 13,836 IDPs already enumerated to go back to their respective communities or any other safe and secured location in the country to resettle and move on with life.
She said: "I think women find it hard to be able to admit that they want to go back to work and that they are going to go back a bit earlier than everyone thinks is acceptable.
"That is part of the fun of football that you will get stick when you go back to an old ground.
John Sheridan's third spell at Oldham ended badly but then he had broken a golden rule of football management: never go back and, if you do go back, never go back again.
Cobie Smulders and Tom Cruise in Jack Reacher: Never Go Back HART F CHART COURTESY OF CINEWORLD 1.
AT A time when Indian authorities are making the last- ditch effort to rescue the remaining two professors abducted by terror group ISIS, debt trap is forcing many Indians evacuated by the government to go back to the trouble spots in West Asia for better jobs.
I only went to it once before, but I've always wanted to go back. I was hurt for like a year since I moved to Oceanside, but I guess I suffered enough 'cause I finally got to go back and try to skate it.
It also describes how older people go back in memory and impose narrative order on choices that didn't seem so clear at the time.
But they had no record of me and I was told to go back to the A&E again.