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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 ?
In fact I've watched them arrive by black cab and then go begging.
MORE than 49million days of holiday go begging a year, new research reveals.
Gladys Bell, president of the Black Caucus of the American Library Association and assistant director for Public Services at Hampton University, says many children's librarian jobs go begging because the pay scale is so paltry.
Meanwhile, certain interesting questions raised by the material go begging.
Likewise, buildings such as 9 West 57th Street, a/k/a the Solow Building, where Avon is vacating; 345 Park Avenue, where Bristol-Myer Squib has a 250,000 square-foot long-term sub-lease on the market; and 55 East 52nd Street, a/k/a Park Avenue Plaza (where First Boston is vacating) will probably have a tremendous surge of activity and not go begging for tenants (unless of course they are priced improperly).
We allowed two points to go begging and that could cost us this season.
Pickering and Richards saw further chances go begging in the second half but the lead was soon doubled in spectacular fashion.