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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 ?
It is dead, and what remains when unbelief has gone presents a tremendous opportunity to the communities of faith, and to the Christian faith in particular, and to preachers of the Christian faith and the Bible.
John, the lover, had, after all, gone all the way to the cross, stood with the women there--at least his own gospel tells us that he did--and he was faithful to the end.
the calm dignity life can have when it's lived by gentle folks, the genial grace of days that are gone....What is broken is broken-and I'd rather remember it as it was at its best."
But after the tax cut President Bush proposes, that money will be gone for good.
"I'd have gone with the policemen to their homes," people said to me.
A re go rema dikgong le gone go tseelwa teseletso mme a kopa morafe go emisa go reka dikgong mo bathong ba ba senang diteseletso.
I went to a contest in Toronto, and while I was gone I guess he stayed up non-stop and practiced "Zaxon." When I got back he was better than me, and I got $1,000 in debt to him right off the bat.
You mentioned some of the satellites that have recently gone up in orbit--the Defense's Support Program launched their last satellite.
As a matter of fact it's humorous to me to hear the reports I get back that as soon as Jumper is gone the E-10's going to go away.
One interesting aspect can be found in my market, which is mostly downtown to 25th Street and Tribeca, where a lot of dotcoms took space and are now gone. In many cases there were substantial security deposits from the tenants.