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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 ?
He added: "We owe it to ourselves as well to go down there and try to do better," he said.
The game of hide-and-seek initiated by Tomey's Turl in 'Was' reverberates throughout Go Down, Moses with its discontinuous narratives and disappearing characters and collapsing genealogies" (127).
Bobby later told Arthur Schlesinger that "the idea that UFK would] go down and offer him the nomination in hopes that he'd take the nomination is not true.
Until referees are brave enough to award a penalty even when players stay on their feet in the box, I will always understand why players go down.
I'm just hoping it doesn't happen to my old club because it would be unthinkable for Liverpool to go down.
He said: "I said to Nuno 'it's the Hollywood Oscar way you go down.
Insane sessions and parties go down often for those in the know.
A SCOTS skipper told last night how he leapt into the sea fearing he was about to go down with his boat.
5 percent, thereby causing those rates that were going down - the utilities and commercial property tax rates - to go down less.
As corporate profits go down, the level of tax relative to GNP will go down.
It is harsh to go down with that many points, they were both a credit to the league.