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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 ?
Android TV boxes haven't exactly been selling like hotcakes but the Mi Box's price point could get people interested enough to help pick up this ailing market.
Dubai: The new iPhones are selling like hotcakes on the grey market where they are reportedly fetching around three times the original price.
In chronological order the albums are Little Feat, Sailing Shoes, Dixie Chicken, Feats Don't Fail Me Now, e Last Record Album, Time Loves A Hero, Waiting For Columbus, Down One Farm, Hoy Hoy, Let It Roll, Representing e Mambo and Outtakes From Hotcakes.
31, toxic watchdog EcoWaste Coalition sounded the warning alarm anew as amulets are expected to sell like hotcakes in the days leading to the festivity.
Bland, Lazy Susan-style crowdpleaser could stir up respectable local numbers but won't sell like hotcakes overseas.
A peddler outside the Hengshan Subway Station said that the biography sold like hotcakes, as readers are keen to know more about the American businessman and visionary widely recognized as a charismatic pioneer of the personal computer revolution.
For example, Fruit 'N Yogurt Parfait (130 calories) at McDonald's and Perfect Oatmeal (140) at Starbucks get the nod over Big Breakfast with Hotcakes (1,150) at McDonald's and Raspberry Scone (500) at Starbucks.
Pictures of our national Quaid-e-Azam, Allama Iqbal, Dr, Abdul Qadir Khan, Zulfiqar Ali Bhutto and many other national heroes are selling like hotcakes.
Tickets for Liverpool Unites Halloween Ball next month are selling like hotcakes as celebrities including former Atomic Kitten Natasha Hamilton and Hollyoaks stars book their tables.
Electric Picnic is getting another great response this year and the tickets are selling like hotcakes," a spokeswoman told the Irish Mirror.
Now, the site's ad copy proclaims, you can "worship at every meal with Jesus Pan" and "imagine serving heavenly hotcakes at the next church breakfast.
And sheAEs not the only one to feed the need as theyAEre selling like hotcakes, if you pardon the bad pun.