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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 ?
At the first stage, the seeds are cleaned from stone fragments and coarse straw, at the second stage - from small straw and wild oats, at the third stage - from small wheat and at the fourth stage - from seed peel of wheat.
He, however, called on the government to strengthen the National Agriculture Seed Council (NASC) to always monitor the quality of seed sold in the open market.
But despite all these factors, the organic seed market is growing due to increasing organic & sustainable farming and consumer demand for organic products.
The chances of a seed taking are just 10pc due to which seed balls are used across the world, which increased the chances of the seeds taking to 50pc.
"Seed companies play a key role in supporting smallholder farmer productivity.
Thousands of local and heirloom food-crop varieties are in farmers' hands mostly treasured through home and community seed banks.
The 9/16 seed Rushana pulled an upset against seventh seed Noor ul Huda after coming from behind twice to eventually record 10-12, 11-9, 9-11, 12-10, 11-5 victory in 24 minutes.
Farmers send the code via SMS message and get an instant response as to whether the code - and the seed - is valid, said Esther Cherop, a saleswoman at Kenya Seed Company.
Currently, about 30 percent of the total requirements of certified seeds of all major crops including wheat, rice, cotton and maize were available to the farming community, said an official in the Federal Seed Certification and Registration Department.