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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 ?
"We're going around. Large flock of black birds on short final." Now I knew to issue bird advisories to all arrivals and get airports ops to do something about the birds.
They overcame fierce seas, outran bad weather and had to carry out onboard repairs to smash the record for going around the world by powered vessel.
EARTH round with MOON round going around while going around goes around while going around a round SUN
If public servants are already going around to campaign, this is not yet the proper time.
Verne is known for going around the earth in 80 days.
Gaga, 23, real name Stefani Germanotta, said that there are some big misconceptions going around about her, and that one of them is about her having a penis.
Rumors of a new Osiris-sponsored board company for Tyrone "T-Bone" Olson are also going around, with Dave "Not Leaf Boy" Coyne as co-conspirator.
Simultaneous measurement by the two telescopes would determine the parallax without waiting for the earth to go around in its orbit, and without having to subtract the amount of the star's proper motion that occurs while the earth is going around between the measurements.
'I haven't decided yet but I'm going around the country to thank the people for their unwavering support,' Estrada said in ambush interview at the Sandiganbayan on Monday.
A classic situation when going around is the aforementioned need to push--hard--on the pitch control to keep the nose from rising too high.
Soon as the program was over, memes of the two started going around social media.