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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 ?
It has been a joy to watch and it just goes to show that us disabled - cor, I hate that word, let us say, less able-bodied - people can have as much sporting success and national profile/pride as able-bodied athletes such as Mo Farah.
It just goes to show that there is nothing like faith and God to get people going even in these increasingly secular times.
"It just goes to show that when you have a centrally-located, beautifully-designed and meticulously-planned building, buyers will come."
It certainly goes to show that you don't have to be gay to speak intelligently on issues that are relevant to your readers.
IT just goes to show how easily swayed people can be by the size of a bank balance (`Women love Wayne', ECHO, July 14).
It goes to show that depression knows no class or status.
Which goes to show how wrong legend and ignorance can be.
If you go see us, it really goes to show how things like age are really not important.
Just goes to show that great quantities of disposable income make people stupid.