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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.
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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 ?
However, theoretical arguments and empirical data exist which call into question the assumption that pride is more intense when the action involves going against the group majority.
Anytime a manager does something unusual, the first thing the color commentator will say is "He's going against the book!" Surprise, "the book" isn't infallible.
West Bengal [India], April 7 ( ANI ): West Bengal Congress unit president and MP Adhir Ranjan Chowdhary threatens to complain to Congress president Rahul Gandhi against party leader and advocate Abhishek Singhvi for going against the party's interest in the state.
And Seasiders director of football Neil Gibson was again left disgruntled by key decisions going against Town.
"It's hard enough trying to win at Celtic Park without these things going against you.
To even consider the current plans would be insensitive, a poor and disgraceful decision and going against the wishes of the people.
"In terms of the decisions going against us, this is the worst I've seen in my 11 years at Arsenal.
As for KMBC going against residents wishes they certainly don't go against mine.
"We don't seem to be getting the decisions, the 50-50s are going against us."
"I didn't drive the ball very well, every bounce was going against me and putts were lipping out when on Saturday they were going in.
Anyway, going against Michael Bennett's stem advice--" Have a girl on your arm--even if it's Pat Ast!"--Michel Stuart and I inched our way into the Shubert Theatre--the tall nominee and his boyfriend.
12 (ANI): Suspended Janata Dal (United) (JD(U)) leader Ali Anwar on Saturday said that history will not forgive Bihar Chief Minister Nitish Kumar for going against the mandate of the people of Bihar, which was given in favour of the grand alliance.