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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 ?
Rail operating profit fell from PS40.3m to PS17.6m in the six months ending 29 December 2018, but this was ahead of expectations, leading Go-Ahead to raise its guidance for the full year.
With regards to regional bus businesses, annual expectations remain "broadly unchanged", Go-Ahead said, despite achieving growth in passenger volumes and revenue.
David Brown, chief executive of Go-Ahead, said: "We look forward to contributing to Manchester's community and transport.
According to the officials, the CDWP forwarded the matter to ECNEC for final go-ahead and the Sindh government has also said no to providing funding for the project, since it didn't have the resources.
Newcastle-based Go-Ahead Group already allows customers to pay for their journey's using contactless debit cards.
A spokesman also pointed out that Go-Ahead was subsidising the lossmaking Govia Thameslink Railway arm.
Go-Ahead currently generates an annual return of PS70m from a fleet of around 4,600 buses.
Go-Ahead said rail profits will be broadly half last year's pounds 34.9m due to a reduction in government franchise subsidies.
Go-Ahead said it had made the offer for Plymouth City Bus (PCB) after being named as the preferred bidder by the city's council.
But rising passenger numbers, up by 2.9 per cent over the year to June 28 with a surge of 4.9 per cent in the final quarter, also helped lift Go-Ahead's full-year figures as higher fuel costs persuade people to leave the car at home.
CARDIFF City have been given the go-ahead to retain standing areas at Ninian Park for the 2008-2009 season.
HERE'S another tasty treat from the Daily Record - A FREE Go-Ahead! Yogurt Break Forest Fruits Impulse Bar for every reader.