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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 I were to go back in time I think I would go back to the summer of 2013.
Abdul Raheem Al-Hawari, a construction worker in a Saudi company on a monthly salary of SR1,200, said he decided to go back after he had heard that the minimum wage in Egypt was now 1,200 Egyptian pounds.
I mean, well, maybe you will be going back, but let's just go back to our flat for now and decide how to sort this out just for now, okay?
We've had meetings of evacuees in Baton Rouge and Lafayette where people have had to demand of FEMA just the right to go back and look to see if they can reclaim anything that's left in their house.
Go back an' see things--people an' things--I used to know
Dahr Jamail: I definitely want to go back to Iraq, although I don't really know when.
Participants who did not go back were also more likely to have worked prior to entering prison than those who returned to prison.
When I go back I think I will have a far greater chance of establishing myself in the first team.
She had also stopped going to school and told me how she planned to go back to the emergency center someday when she got pregnant.
He did go back down to the farm, and Stossel's interjection of questionable facts to suggest he didn't is irresponsible.
But Malcolm Andrews' comment a few pages on, that landscape is commodified twice--once as real estate and again as aesthetic amenity, made me go back for another read.