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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.
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 ?
Uninsured children in Southwestern states and in Hispanic and African-American families were most likely to go without medical care, according to a report released in August by the Robert Wood Johnson Foundation of Plainsboro, N.J., using information from recent surveys by the Centers for Disease Control and Prevention and the U.S.
Depending on how often you use the PLGR, that warning might come and go without your seeing it.
"With everything we have at stake, we couldn't go without it," he said.
* Girls are more likely to go without schooling than boys.
Young says a six hour or longer school day is too long for children to go without breaks and substantial physical activity, especially with obesity rates soaring.
Alternative keyboards, puff switches for those who cannot use a mouse, screen readers, talking word processors, and voice recognition software all help to provide computer and Internet access for people who would otherwise go without. But how does a person with a disability figure out exactly what she or he needs--and where to find it?
What you can conclude for your own training is that six hours is probably too long to go without a meal before a race or a workout, and that includes running in the morning with nothing in your system.
That's a ridiculous amount of time to expect providers to go without any payment."
Physicians may have to go without pay, a demoralizing state of affairs when they are working harder than ever under a model which few of them wanted to start with.
Most workers go without meat and fish, and often without milk.
"The DOL is in effect saying: 'This is how far those of you serving these employees can go without becoming fiduciaries.'" The bulletin's effective date goes back over 20 years to January 1, 1975, so it includes many time-honored advisory practices.
American children would be "forced to remain in poor and unsafe housing" and "go without basic housing needs"; disabled children would be forced into "institutions"; children will go without immunizations, without food even.