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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 ?
"Even though we were beaten, it's given us the confidence and the belief we want to go one better this year.
THIS TIME: William Whitaker will be looking to go one better at Olympia this year
Mark Johnston's Greyfriarschorista was a massive eyecatcher when finishing second behind the gambled-on High Constable at Wolverhampton recently and looks a good thing to go one better in the Bet Multiples - Betdaq Median Auction Maiden Stakes.
"Yes, I do have expectations to try to go one better than I did last year, but I will be pacing myself from Thursday to try to get in position to strike on Sunday afternoon."
Hot pot: Epsom second Eagle Mountain is all set to go one better today
Racing Post Ratings Steve Mason Head Lad 12.55 Chepstow, nap Much improved when chasing home a subsequent winner on his first run in a handicap at Stratford last month and fancied to go one better.
"Hopefully we can go one better. We saw last week that even when Celtic are behind they find ways to get back into it and win with 10 men.
He was beaten by a race-fit rival with recent winning form and he must surely go one better in the near future.
GREENSIDE are determined to go one better than last season and win back their place in the NTSL top flight.
I was delighted to make the national final and hope to go one better in next year's competition.
FORTUNI ran an promising race when runner-up at Lingfield last month and is taken to go one better in the Hospitality At Southwell Racecourse Maiden Stakes.
Play-off semi final defeat at the hands of Albion, while accepted by Wolves as a deserved outcome, has whetted the appetite of the fledgling squad to go one better next season and try and reach the Premiership by cementing a place in the top two.