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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 ?
So, that is where most people are kind of discounting the immediate issues and going forward they actually expect better sort of fiscal deficit also narrowing and other things," he stated after listing greater acceleration points in the market.
Going forward, there is ample reason to expect this percentage to increase.
Several projects and investments are currently under consideration and these will maintain the momentum going forward while providing enhanced value to shareholders," said Khalid Bin Kalban, managing director and chief executive officer at Dubai Investments.
That way, if we'd made a big mistake, we could reach back and correct it, so it would never happen "going forward."
COBURG - Mayor Judy Volta said Monday night that she believes a few citizens' continued opposition to the city going forward with its wastewater treatment plant project is behind an effort to recall her as mayor.
PROFITS made by the major banks have doubled during the past year but they still face significant challenges going forward, a report indicated.
PROFITS made by the major banks have doubled during the past year but the groups still face significant challenges going forward, a report indicated today.
1 October 2010 - Norwegian oil service company Fred Olsen Production ASA (OSL: FOP) expects a predictable and even development in the EBITDA going forward, based on its long-term contracts.
The rise was driven by an improvement in people's expectations of the state of the economy and employment market going forward.
Lockart said, 'We are looking very carefully at what we can do better going forward. We are doing a post mortem, so to speak, to improve how we carry out our responsibilities in supervision and regulation going forward.'
"So let's get our heads together and discuss the best strategy going forward."