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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 ?
In this example, we will use prove runs based on time.
A time for stabilization will occur at the beginning of the prove and alter each flow rate change.
When the prove run runs for the specified time and the run is successful, the information is saved, the blower control valve is automatically adjusted to the next flow rate.
Sustained viral response results from the control arms of PROVE 1 and PROVE 2 are not available.
SVR results for the telaprevir 12+36-week treatment arm in PROVE 1 and the control arms for PROVE 1 and PROVE 2, including viral relapse observed post-treatment, will be presented at a future medical meeting.
In PROVE 1 and PROVE 2 combined, on an ITT basis, 77% of patients receiving telaprevir in combination with peg-IFN and RBV achieved a rapid viral response at 4 weeks (79% in PROVE 1, 75% in PROVE 2), defined as undetectable HCV RNA <10 IU/mL as measured by the Roche TaqMan([R]) assay, compared to an average of 12% of patients across the control arms of PROVE 1 and PROVE 2 (11% in PROVE 1, 13% in PROVE 2; p<0.
Furthermore, the court did not feel that the driver's question and the owner's answer about the black van was enough to prove that the driver was willfully ignorant that the car contained contraband.
Typically, the police must deliver the package to the suspect before they can prove the suspect knowlingly possessed the illegal contents.
In any case, delineating the elements to prove and other important issues, such as sentencing enhancements, helps investigators identify the steps they need to take to complete the investigation.
For example, in an embezzlement case, the investigator would need to examine bank records and interview bank tellers to prove that the suspect converted agency funds to personal use.
While knowledge of the relationships between subjects and TPIs can help negotiators use these individuals to the greatest operational advantage, determining TPIs' willingness to cooperate and work with law enforcement authorities proves paramount to successful negotiations.
While similar to telephone contact, voice contact from behind cover proves less desirable, yet remains an acceptable method.