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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.

Goes

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.

GO

References in periodicals archive ?
I'm going to go in and sell this contract this afternoon." They didn't like it, but I told them, "If you want me to stay here, I've got to take control of this thing and it's going to be under my terms, and here they are."
That's one of the reasons why I don't think these changes are going to go away no matter what country tries to impose some kind of regulatory scheme.
They're dealing with having to go through the thicket of figuring out all the financial hurdles and various forms.
The main thrust of that is to go through an enterprise-integrated data environment so that we can interface with the other Services' databases also.
They are dying in Iraq because they are poor and they have gone into the military because they can't afford to go to college.
The Humanist: What made you want to go to Iraq to write in the first place?
If you sell it as, "I'm selling you information insurance or protection," it's a lot easier for a customer to accept the fact that their price is going to go up at some point, compared to if your shredding service is to give it to the recycler and you're treating it as waste management.
"When there are alternative places for money to go, the money will go into those places and banks will tighten up their lending [standards.]"
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.