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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 ?
Today's consumers crave flexibility and accessibility, and with so many digital and loyalty use cases that go beyond traditional gift cards, our platform and promotional expertise allows Wells Fargo credit card customers to convert Go Far Rewards into branded value and make the most of their rewards."
Vivienne Nathanson, head of science and ethics at the British Medical Association, says "OFCOM's ban on programs targeted at under-16s does not go far enough." Public health advocates had pushed for a ban on all junk food advertising on television before 9 PM.
InFocus believes that the benefits of technology integration in education go far beyond the classroom by preparing students to succeed in a technology-focused world.
His performance at the CEA may go far to determine whether he makes a quick trip back to the Fed next year as the retiring Greenspan's replacement.
"All of us who worked on Clear Skies assumed that as soon as the president announced the proposal environmental groups would jump on it and say it didn't go far enough, quick enough--that was a fair debate," says Holmstead.
The original author Wang Chen was a 9th-century Chinese military commander sickened by carnage and began using the ancient Tao Te Ching for peaceful purposes: his interpretations produced the first reading of it as a martial text of strategy, and Ralph Sawyer's in-depth interpretations go far in placing its military importance in modern Western hands.
Seventeen-year-old Angelo Seaver's blame-the-government strategy didn't go far with a trial judge.
But the suit probably won't go far, experts say, because it doesn't relate to any other dispute before the courts.
However, the rules go far beyond that, possibly making it unreasonably difficult to send items such as chocolate and chewing gum to the U.S.
Go far enough that the base holds the apple up firmly.
Military and civilian members of the Rotterdam, the Netherlands, based group did not have to go far. They trained on the DPOC in a parking lot near their administrative offices.
A number of the Romanow recommendations "do not go far enough in curtailing corporate and private profiteers from undermining Medicare, particularly in many home care services."