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Related to going round: going round in circles

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 ?
It was full of dark-coloured clothes but then we saw his pink nose through the glass, going round and round.
"There are some decent animals going round and, generally, they have run the track exceptionally well.
On Tuesday we did an assembly on saving and energy and recycling and reducing waste and afterwards they were going round the school switching lights off to save energy."
England's Robert Dinwiddie is in the lead after going round in five-under 66.
A Coastguard spokesman said: "After hearing that this vessel was going round in circles, a search and rescue mission was launched.
In fact, they enjoyed it so much many continued going round all morning.
The only question is are NASA's finest going round the spacecraft, sharply sucking in their breath, and saying: 'It'll cost you
The 10-year-old said: "We were going round so quickly that Aidan almost fell out at one point."
Teresa Cosgrove, aged 42, of Roselands Avenue, Henley Green, who works as a barmaid, said: "I heard they were going round but I missed them last time so I came down this time.