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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 ?
Although both sides were ready to go to the mat over Title IX, the challenge to the law that bans sex discrimination in education passed without action--at least for now.
I'm prepared to go to the mat on (a quick Senate vote banning cloning).
Latin America should go to the mat with the fat cats.
Cenex Harvest States employees will literally go to the mat for the United Way.
The head of his local civic association, Foster will go to the mat for his neighborhood, whether it's for a streetlight or an extra cop on the beat.
Fish don't fight half-assed battles; they go to the mat every time.