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Related to go to town: hit town, so much for, worse for wear

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 ?
The seven women are in glamorous reds (the period dresses are by Elisa Jimenez), and they really go to town, both with the fine trio of men and without them, jamming like the band on a night out with friends.
Made of heavy-duty latex, brightly colored with razzle-dazzle patterns, inflate to baseball-size, add a little "magic return fluid" (nontoxic), clip with an elastic band, and go to town with all the tricks of a traditional yoyo, and more.
Now, there's a subject with which a director could feel free to go to town, for she left neither paintings nor books, but only memories behind.
ON the morning of January 20 as I set off to go to town I could not believe my eyes.