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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 ?
Paul is the only national figure willing to go to the mat for these precious principles that will ensure tomorrow's opportunities," said Mr.
Influential Democratic backers go to the mat to protect Social Security and Medicare.
The administration's hard line, "taken as a sign that the administration was ready to go to the mat with Bibi," encouraged Palestinian activists.
But the frame also saw an unusually large number of producers go to the mat for what conventional wisdom considers the hardest sell on Broadway--a new straight play with an untested title.
People will go to the mat to protect the Catholic church and its institutions, but they will not go to the mat to protect Taco Bell and other businessmen if they want to deny contraceptives to their women employees," said Jesuit Fr.
As noted, the league appears ready to go to the mat and seize the club in order to sell the club without creditor approval.
But King and Arum are ready to go to the mat against all of them, and they promise they will do it together.
While insisting that the states would go to the mat to retain their oversight over insurance, Serio and Blumenthal both outlined areas where the federal government could play a role in the investigation.
Meanwhile, Gore refused to go to the mat on positions that were popular with the public, crucial to his base, and which everyone knew he cared deeply about.