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Related to go to the wall: raring to go

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 Government should have had the courage to let some of them go to the wall." Solihull-based Secure Trust announced a 60 per cent rise in profits, to pounds 7.3 million, last year thanks in part to pulling out of the consumer lending market in May 2007.
Administration brought on by the weight of individual debts could see more than one club go to the wall if TV money dries up.
If the same rates were replicated in the private sector thousands more businesses would go to the wall every year.
"The reason I am doing is for the survival of my business - if I don't do it, my business is going to go to the wall.
Some clubs will go to the wall over the next season or two unless something's done.
Just sitting and watching viable businesses go to the wall is not the right approach
STILL laughing at that crazy story about Hearts getting into the CIS Cup semi-final if poor Dundee go to the wall.
He wants his Drogheda members reimbursed but neither does he want to see the club go to the wall.
"The main reason for launching Reds Direct is that we don't want to see the club go to the wall.