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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 ?
The plane, dubbed HyperSoar, could attian a hypersonic top speed of 3 kilometers per second, or Mach 10--10 times the speed of sound, it could transport freight and people, strike enemy targets, or help propel payloads into space, in most uses, it would not only go places faster but would also haul more load per kilogram of aircraft than existing planes or rockets do, says Preston H.
"Its high ground clearance and short overhang meant that we could go places that would have been impossible with a pickup and difficult with a four wheel drive," he says.
Go Places., the profession's comprehensive student recruitment effort, is in full swing in its 7th year.
Curbishley said: "I spoke to a lot of people before taking this appointment, and they are all coming out with the same thing - this club can go places.