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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's not just quite worked for us over the last two games, but we will keep going."
The company notes that the popularity of the iconic Energizer Bunny figure and the Energizer brand have increased since the introduction of the Keep Going campaign.
"I shall keep going now till the end of December, and I then plan to go skiing and to America in January," said Drowne.
For now, Plastic will keep going while Feed and Suck search for ways to survive, company officials said.
Tellingly, when Aune does a quick analysis of free-market arguments in three public policy fights, he picks ones in which they always lose: the minimum wage (it keeps going up), farm subsidies (they keep going out), and labor unions (still embroiled in government regulation).
"When you throw in the fact that the trade is not balanced and carriers are using reefers when they could use dry containers to position northbound, costs keep going up."
If you goof up you have to keep going, which does create some anxiety when you're waiting for the film to come back from the lab.
But sometimes, if you really believe in something, you have to keep going back to the well.
"If the fault seals up after an earthquake, the reactions keep going and fluid pressure builds up again," Ague says, "so this process could happen over and over."
A Catholic who no longer believes in hell has lost a whole lot of motivation to keep going to Confession.
"Then I'm sure we can keep going, but there's a long way to go if we're going to be successful.
If we keep going like that, I believe we can do nice things.