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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 ?
Earning the Red Herring 100 distinction means a company must build both a business model and a product that will go the distance," said Brett Galloway, Airespace's president and chief executive officer.
But even this very independent movie (it flashes its gritty, low-budget, jump-cut virtues like a big red I), can't go the distance.
When you go the distance, you know your pitch count was down,'' said Durost, who had eight complete games in a season each at The Master's College and Lubbock Christian (Texas) University.
iUniverse President and CEO Kimra Hawley says that Wiprud exemplifies the type of author that can go the distance on the iUniverse "Roadmap to Publishing Success(TM)," the publisher's step-by-step process to help authors succeed through a series of clearly defined achievements, or "milestones.
Most of the new resellers joined WideBand as a result of their search for Gigabit networking products that could go the distance over Category 5 cable.
Soap operas: NBC never had a significant foothold on the soap-opera market; the still-popular ``Days of Our Lives,'' which debuted in 1965, is the network's only serial to go the distance.
WideBand has solved this problem by bringing to market standards-based Gigabit Ethernet products that go the distance on the existing installed base of Cat 5 cable.
GNC will offer smoothies in a variety of categories, including Sports Nutrition, Energy, On The Lighter Side, Good-n-Smoothie, and Lifestyle, with interesting combinations and names, including Hear Me Roar, Go The Distance and Joint Effect.