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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 ?
Overall trading for the first four months of the year has been in line with expectationsDavid Brown of Go-Ahead
Go-Ahead will keep tabs on how fast bus drivers brake and drive and encourage them not to leave engines running under plans which aim to cut fuel consumption by at least five per cent.
Rail, Maritime and Transport (RMT) union general secretary Mick Cash said: "While Go-Ahead have been driving Britain's biggest rail franchise into total meltdown, the cash has been sloshing through the boardroom at obscene levels.
Effective account management and performance reporting (as specified by Go-Ahead Group) for the solution during the life of the contract.
Singapore's bus contracts system is modelled on London's and, as London's largest bus operator, directors at Go-Ahead said it is well positioned to deliver high-quality services in Singapore.
Go-Ahead provides passenger transport services in the bus, rail and aviation sectors.
Go-Ahead, which operates the Southern, Southeastern and London Midland rail franchises, said the bus unit's half year profits were now expected to be slightly ahead of last year's haul of pounds 31.
The update comes after Go-Ahead said it was braced for a slowdown in rail revenues as the recession and rising unemployment hit demand.
Despite higher fuel costs, rail and bus operator Go-Ahead said it expected record results after a further improvement in trading since April.
That will be the final season before the Bluebirds move to their new stadium, but the go-ahead for supporters to keep standing on the Bob Bank terracing and at the Grange End still came as a pleasant surprise.
On the ensuing kickoff, Thompson ran in the go-ahead Crenshaw touchdown, and teammate Ronnie Warren had a 29-yard interception to culminate the scoring.
Light railway systems are a deeply unpopular concept around the corridors of Whitehall at the moment, and there will be genuine delight behind the scenes at Merseytravel that the money that was fundamental to this project getting the go-ahead has been forthcoming.