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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 ?
I was gutted as I am a huge fan but they went ahead with it as they should have.
They went ahead as Heaney headed an own goal from a Gary Bickerstaffe free-kick and then after the Cumbrians levelled Billy Millington broke free to score the winner.
We are not happy that the game went ahead in the circumstances, and we will be seeking an urgent meeting with the FAI about this matter.
Thompson threw second-quarter touchdown passes to Peter Ma and Oubrey Smith, and Chaminade went ahead for good on a nine-minute, 14-play, 80-yard drive to start the second half.
The first five races went ahead yesterday but the next two on the round course were abandoned.