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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 ?
After synchronization the user can then choose to present a file directly from Documents To Go.
By offering both the Standard and Professional Editions of Documents To Go our customers can choose the solution that best meets those needs.
I wanted to go to the first Texas contest and turn pro--and he said that wasn't going to happen.
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We were cumbersome, we were in a Cold War configuration, we were ready to go to, and this is what we practiced, we practiced going over to Germany and fighting 100 Warsaw Pact divisions across the North German Plain, or going over the Pacific and dealing with a Korean scenario.
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Things are just not going to be allowed to go down for any length of time.
Mama then tells Dani to go get dressed but she was already dressed to go to school.
And it's almost a requirement of business from a cost and customer standpoint, and we just have to go with it.
One hit led to another, and Jennings became known for literary lyrics that attempted to go beyond the usual pop treacle.