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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 ?
A couple have gone against us in the last few weeks so hopefully next week it'll go in our favour," said Whitehead.
I have asked for information about how many times in Flintshire councillors have gone against planning officer advice, but not been given any figures yet.
Holly has to use her powers to save her friends and to keep searching for Jer, who had gone against his father.
There were calls for Mr O Cuiv to resign following the disclosure that he had gone against Taoiseach Bertie Ahern.
But many things have gone against us: the goal at Charlton which was offside, David Unsworth's sending off against Chelsea,Wayne Rooney's sending off at Birmingham are all examples.