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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 ?
In Quezon City, prices went down in Commonwealth Market, from P300 to P180; Mega Q Mart, from P280 to P200; and New Arayat Market, from P280 to P200.
Marden Residents went down 4-3 at home to North Shields Gunner.
The industrial sector witnessed dealing 16 companies, 11 of them went up, one company's shares went down and 4 others maintained prices.
According to TurkStat, the amount of drinkable milk in November went down 8.
I think when we were at Leeds we did have better players than Liverpool have and we went down.
May 19: Four Marines were killed when a CH-46E Sea Knight went down in the city of Hilla in Babel province.
Possibly the coolest thing I saw/heard all year was the Minutemen reunion show that went down at the famous punk club the Dancing Waters right here in San Pedro.
Pontypridd welter Geraint Harvey went down 38-37 to Gary Woolcombe, while Ferndale middle Lee Addis, still seeking his first win as a pro, went down 60-55 to Jake Guntert.
When West Ham and West Brom went down last season there was no question who was the better of the two sides.
went down consistently each year for 8th-graders and 10th-graders, but went up consistently each year for 12th-graders
They went down the slopes the following number of times: 1, 5, 8, 13, and 19 but not necessarily in the order of their names.
In cases where a building was damaged, it's tenancy went down, or it now requires reconstruction work, the owners might save up to several hundred thousand dollars.