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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 ?
The fight isn't expected to go the distance, though there are +110 odds for it to last all three rounds.
I think it could definitely go the distance. Yeah, they're really happy."
Ladbrokes - Smith v Dodson: 4-5 to go the distance (12 rounds), 10-11 not to.
Celtic light champion Buckland, 21, who nowboasts 13 straight wins, had been placed on the Frank Maloney card with a view to TV exposure, but Commonwealth bantamchampion Jason Booth - who won his title against Buckland's stablemate, MatthewEdmonds - had to go the distance to outpoint Ghanaian Lante Addy.
He had to go the distance again to defend the crown but only after a storming fightback by Rutherford.
But not even James, who has spent so long picking the films, will be able to go the distance and watch them all.
After weighing the impact of such a move for months now, network executives say they're finally ready to go the distance with Bianca and her new love interest.
Socially Responsible Mutual Funds that Can Go the Distance
" We will go the distance although we are not going to take one another's heads off."
The Muscular Dystrophy Campaign needs recruits for the annual Wirral Coastal Walk, which this year will see an estimated 4,000 walkers of all ages go the distance for charity on Sunday May 11.
The charity provides a range of crucial services for parents and families, helping to build strong relationships that go the distance in good times and bad.
Ladbrokes - will the fight go the distance (12 rounds)?