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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 ?
At the interim results' announcement in January we indicated that the second half of our financial year to April 30, 2001 was going to prove challenging.
I don't see how they're going to prove how each car was stopped in the zone, but it don't matter since they're towing them all anyhow.
As BRM Capital expands to include communications and wireless investments, we are certain that Mike's knowledge of that industry, as well as his experience in investing in infrastructure companies, are going to prove long-term assets for us and our portfolio companies.
I'm going to prove (athletic director Mike Garrett and president Steven Sample) right.
Our area of research is quite specialized yet I think our findings are going to prove very valuable to the future of international space travel.
We're going to prove that 68 plants and even more than that are absolutely reasonable for growing for personal consumption.
We believe that over the coming year automated underwriting at point of sale is going to prove to be one of the most significant changes in the way wholesale lenders and mortgage brokers do business" said Sam Ringer, President of LION, Inc.
We are, however, going to prove our right to sell our products and we are going to do so quickly.
What we're going to prove now is that the same outrageous abuse of trust was committed against many thousands of other unfortunate investors who thought they were making conservative investments.
Both his enthusiasm and his operational experience are going to prove to be tremendous assets.