GO

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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.
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GO

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 ?
"We will put a report in on the referee and highlight those key incidents that we feel went against us.
"We made a few mistakes that went against us and to be two goals up and losing 3-2 is obviously disappointing.
KENNY Jackett was left to rue more controversial decisions against Bournemouth after two big calls went against his side.
"Key moments in the game went against us again," said Gibson.
MORE than 10% of shareholder votes went against HSBC's pay report at its annual meeting yesterday after the banking giant's boss took home pounds 7.5m in pay and bonuses last year.
But I felt we had three key decisions that went against us and my team didn't get the rub of the green.
East Fife 3 Forfar 0 FURIOUS Forfar No.2 Ian Campbell claimed "horrendous" decisions went against his side as they crashed in Methil.
Moyes believes a spate of decisions which went against Johnson this season and last have taken an edge off him and there would be a sweet irony if he roared back to form at the Emirates.
"I told him we seemed to be going back to the bad old days, before local government reorganisation, when Delyn in particular often went against planning officer recommendations.
So the vote went against Tony Blair on holding suspected terrorists for 90 days.
He insisted neither the timing of the two important games or the harsh decisions that went against the Blues at the Brewery Field last Friday night are to blame for their plight.
Mr Bradford said the Bill went against everything the party stood for and had campaigned for.