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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.
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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.
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"We went around the community and it seems a really simple thing, but seeing their faces light up telling us about their houses and lives and the Bay was really enjoyable, as well as seeing the smiles on the children's faces," Deputy headteacher Ruth Wiltshire said it was wonderful seeing how much the children's learning had developed working with a filmmaker and creating their own animation from start to finish.
New Delhi [India], November 7 ( ANI ): Season's first fog disrupted flight operation at Delhi airport as at least four flights from different airlines went around on Tuesday due to low visibility.
The pilot went around and subsequently performed a precautionary landing at the airport.