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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 ?
We are to keep going in our mission, but along with this, we are to keep going to God's heart.
We couldn't focus on the Keep Going campaign without the Energizer Bunny," Martire is quick to point out.
We'll keep going and fund-raising as long as we have to.
I can hopefully keep working on them, get myself stronger and keep going.
That's important for us - and we want it to keep going against Blackburn in our next game.
Convey, 22, a pounds 600,000 buy from DC United in 2004, said: "I just want to keep going, and touch wood have no injuries.
It says here to take the A41 and keep going `till you see a sign for Thornton Rugby club, so just keep going, '' said the navigator.
He said: "The confidence is there, the lads just need to keep going and keep going.