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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 ?
To prove this element the lawyers would call witnesses from ABC to testify and introduce documents relating to job descriptions.
Documenting the fact that investigators have warned promoters about the fraudulent investment may not help in the prosecution of frauds that already have occurred; however, it can help prove fraudulent intent if the individual continues to promote even after receiving the warning.
It can measure the gas being purchased and it can be used to prove all the high pressure meters used downstream in the distribution system.
But later, the memo notes that in a rising market, "every owner of income-producing property may be able to prove their assessment is unequal using a sales-based ratio.
But evidence is not proof, and should you choose to believe that the Wiseman grizzly was the dead-last of its breed in Colorado - the end of a multi-millennial occupation - there's no way that anyone could prove you absolutely wrong.
The SVR data from the PROVE studies are promising as the expectation today is that approximately 40% to 50% of people with genotype 1 hepatitis C who undergo 48-week treatment regimens with currently available therapies achieve sustained viral response (SVR).
He appealed his conviction claiming that the evidence was insufficient to prove that he knew marijuana was in the vehicle he was driving.
A prize of $1 million recently offered by a British publisher, promoting a novel in which a mathematician seeks to prove the Goldbach conjecture, could well stimulate the additional research needed to crack the problem.
The plan must reflect all of the elements that the investigator needs to prove for the case to be prosecuted successfully.
Frequently, subjects threatening to commit suicide prove responsive to this form of communication.
They focused on how to describe a mathematical problem in terms that a computer can handle and how to get it to prove theorems by drawing conclusions that follow inevitably and logically from given postulates, or axioms.
If one or more of these risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected.