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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 ?
However, a number of councils are going against the government's guidance by wrongly telling people they require planning permission or building regulations approval.
Rugby Borough Council director of technical services Ian Davis said problems had arisen because of the reasons given by the council for going against recommendations
Our game is so filled with tradition and statistical analyses that we'll rarely find anyone going against the norm.
HALIFAX -- Going against the prevailing fashion, the Nova Scotia government has chosen to tax its way to a balanced budget.
The Italian Mannerists who were the epigone of Michelangelo responded to his Neoclassicism by deliberately going against its gram, answering his new norms of balance and wholeness with calculated, at times cynical, perversity and unbalance-a reversal of values that became a value in itself, as well as a source of elegance.
Anyway, going against Michael Bennett's stem advice--" Have a girl on your arm--even if it's Pat Ast
Now, I want to make it clear that I'm not just going against these analysts just for the sake of contrarianism.
It's hard enough trying to win at Celtic Park without these things going against you.
At the moment it seems that they are all going against us.
We knew it was going to be tough going against Phoenix, and now we're just telling them that we need to put it behind us,'' Vipers coach Bruyere said.