(redirected from go towards)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
Related to go towards: go off, go down with

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 ?
An investment of $15 million over the period of three-years will go towards creating gathering places that will focus on Aboriginal culture in post-secondary institutions.
According to NOF, there are 29 ringing tones from 28 different bird species and each download of a ringing tone will cost NOK10, of which NOK1 will go towards bird protection, reported NTB, a Norwegian news agency.
Another pounds 3million will go towards drug education work in schools and pounds 10.
31,500 Hardy County Commission: Funding will go towards the purchase of two Ford Police Interceptor SUVs with all necessary equipment.
Contributions raised during the half marathon will also go towards the university's work with public health.
We don't have a huge budget but want to encourage community groups to apply for funding of up to PS250 to go towards one of their projects.
Some of the money raised will go towards these as well as other expenses.
Tracy, 39, an operator for Tetley Tea, said: "The money will go into the fund and go towards alarm beds for the children and it will go towards research.
The rest will also go towards spacious, modern treatment rooms and a general effort to raise the quality of care for patients.
Money raised will go towards the breast cancer research programme at the Linda McCartney Centre, at the Royal Liverpool Hospital.
9 million will go towards a new water treatment plant at Kee-way-win First Nation.
240 million will go towards improvements, including the repair of five multi-story parking garages, major brickwork and balcony repair, the installation of a co-generation unit, the replacement of 179 elevators and a $60 million replacement of the development's windows.