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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 ?
It said a review by a chief police officer does not amount to a review by an appropriate tribunal and would not go far enough to satisfy a Supreme Court ruling that it is a breach of offenders' human rights to be put on the register for life with no review.
But David Spaven, chairman of environmental group Transform Scotland, said: "Road-user charges do not go far enough.
After falling to a perch of 88, he has made steady progress, and posted a recent best behind Go Far dropped back to six furlongs.
GOVERNMENT plans for police chiefs to review requests from paedophiles and rapists to be removed from the sex offenders register after 15 years do not go far enough, MPs and peers said.
warned last night Home Office plans to limit the availability of cheap alcohol did not go far enough.
Chancellor 'didn't go far enough' PROPERTY experts have welcomed the initiatives set out by the Budget to boost the housing market - but said they did not go far enough.
Home Secretary Michael Howard yesterday unveiled plans to stamp out the sale of killer combat knives - but they might not go far enough for Labour's Jimmy Wray.
In addition, Gruber believes the current Administration's proposals regarding passive loss rules do not go far enough.