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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 ?
The story also goes to prove - says the Man-in-Charge - just how desperate I was for those chocolates.
Which just goes to prove that no matter how hard you try not to find out the result of as game, modern technology means that someone can unexpectedly spoil your day even if they are the other side of the world at the time.
Which not only goes to prove these students should never have gone to university in the first place.
Just goes to prove it's not what you know but who you know
No reports of misbehaviour on such a scale have reached me from north of the border, which just goes to prove what I've always suspected.
The actions of this lady only goes to prove that Merseyside people are inherently honest and reassures me,as an ex-pat Scouser how proud I am to come from Merseyside.
EASTENDERS - LIFE AFTER THE SQUARE BBC1 7pm AN HOUR of vintage EastEnders clips goes to prove two unfortunate points.
it just goes to prove that David Cameron has no idea of the real world most of us live in.
It just goes to prove if there is real competition in the market the public will always benefit.
READER Derek Parker's letter where he denies climate change, just goes to prove that many people are happy to bury their heads in the sand.
However, it just goes to prove the idiocy of those who did this and put at risk the lives of those who are there to serve and protect us.
This just goes to prove good football teams create memories that are long remembered.