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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 ?
July 20 ( ANI ): United States reporter Ksenija Pavlovic, who reports from the White House, went against the set rules live-streamed the sound recording of the briefing being held there on July 20.
we also had two free kicks go against us so that's a total of 21 decisions that went against us," McLaughlin claimed.
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.
We got to the semi-finals of the FA Cup and the quarter-finals of the UEFA Cup, which was a great achievement, but obviously things went against us ( suspensions, injuries, everything that could have gone against us did go against us.
We had three or four decisions which went against us and we don't deserve that.
I don't really understand why that committee went against it.
Mathias complained: ``Decisions change games and a lot of decisions went against us tonight.
The 30-year-old said that being in The Corrs went against her when she was being cast in the 2003 movie The Boys From County Clare.