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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 ?
Recommendations P Smith v T Dodson to go the distance 2pts 4-5 Ladbrokes P Smith on points 1pt 13-8 Hills, Ladbrokes K Brook rd 4 0.
Go the Distance includes multicultural fiction and nonfiction books whose stories, events, characters and settings will motivate students to become accomplished readers.
Socially Responsible Mutual Funds that Can Go the Distance
But who has the moxie to go the distance at the scheduled May 16 sale?
It takes her more than 30 hours to go the distance on her Canadian crutches.
By delivering its service to customers via fiber lines, LaHarpe is able to go the distance without the aid of active electronic devices such as repeaters or boosters, and provide a full array of communications services.
Ladbrokes - will the fight go the distance (12 rounds)?
You could back a three-set match at 11-10, but with every chance of a tie-break the shorter price is the better value as it may prove successful even if the match fails to go the distance.
LANCASTER - The battle for aquatics supremacy is being promoted within the Antelope Valley like a prize fight, with the coaches and swimmers from Highland of Palmdale and Quartz Hill both prepared to go the distance in order to win the Golden League title.