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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 classic literature ?
As he spoke he dived under the waves, whereon I turned back to the ships with my companions, and my heart was clouded with care as I went along.
He could not seriously think that this was the cow, because she went along so quietly, behaving just like any other cow.
Then he took to walking along the street which she must pass through to get to the shops, and he would stand at the corner, on the other side, as she went along.
The docile Stevie went along; but now he went along without pride, shamblingly, and muttering half words, and even words that would have been whole if they had not been made up of halves that did not belong to each other.
So you tend to go along with that, and I went along with a bit of that thinking 'well it's never gonna be that good but I'll do it because I love doing it'.
Northumbria Police's Alsatian puppy Kenny, who is just 12-weeks-old, went along to meet the children of Denbigh Community Primary School in Howdon, North Tyneside, with his handler, PC Robert Burn.
Young people who went along got the chance to have a go at workshops like DJ-ing, photography and nail art.
Unfortunately, Coughlin seems unwilling to state for the record what his own reporting suggests--that Blair went along with the Iraq war primarily out of pragmatism and a desire to maintain Britain's historic closeness with America.
The decision to fire Hessinger went along party lines, with the Membership First majority prevailing in a split vote among the national board.
Did you hear about the Russian chap called Oleg who went along to collect a new passport and was told he couldn't have one?