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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 ?
In this sense, the first aspect analyzed, with no specific hypothesis being established, was the effect of the action in question involving going against the group majority.
When instead of going against drug deals and sex rackets, the BJP are supporting it, it clearly shows the direction in which the party is going," he said.
The second main event of Fully Loaded will feature Triple H going against Chris Jericho in a Last Man Standing match.
Elton Brand (42), going against Milwaukee's Joe Smith, had 15 points and 15 rebounds in the Clippers' victory over the Bucks.
Guenther said football makes going against post players in the Pacific-10 Conference easy.
You can only learn so much going against the same guys in practice every day.
Today's highlights: Bogomolov will try to show his first ATP victory was no fluke, going against Nicolas Kiefer of Germany at noon.
But she is more excited about going against Zenobia Reed from Lamar High in Houston, Tex.
I think it was a top team going against a top team tonight.
COC eventually got its rushing game going against the Vaqueros in a 54-10 trouncing at Cougar Field, but it was Parker's performance that was the difference.
If the Lutes weren't enough of a challenge, CLU has history going against it, too.
The Angels could not get anything going against Mulder (6-6), as only one baserunner reached third base.