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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 ?
Even football pundit and food critic Tam Cowan and his Off The Ball sidekick Stuart Cosgrove have agreed to go without pies for a day.
And in summer, when no seals are to be had, the bears simply go without eating.
I love my dogs and would sooner go without myself than see them go without.
MARRIED men would rather go without holidays and a new car than give up their mistress, says a survey.
Dear Miriam SINCE having our two children - the youngest is two - my husband and I have lost our sex drives and have agreed sex is no longer important and we can go without it.
People renting council houses are the most likely to have to go without one of the five items most people take for granted.
Underinsured adults are almost as likely as the uninsured to go without needed medical care and to incur medical debt.
For the next six games, when they must go without a DH in National League ballparks, they'll barely notice the difference.
IT should go without saying that hospital patients recovering from illness and operations should be given a wholesome diet.
BRITONS regularly have to go without newspapers, snacks and their morning cup of coffee because they have run out of cash, research claimed today.
In rural areas especially, kids often go without routine care because there just aren't enough doctors, and there is a lack of transportation.