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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
References in periodicals archive ?
There was contact but, yes, Salah went down too easily.
'He's the best point guard right now in the NCAA and the UAAP so when he went down his players were concerned, everyone worried about Toto's situation.'
Ashington Bubbles also went down at home, 5-0 against Newsham Victory.
In Pasig City Mega Market, the price went down from P280 to P200 for the same period; and Marikina Public Market, from P300 to P280.
KARACHI -- The price of gold price went down by Rs1,000 per tola on Friday.
Summary: Traffic accidents in the emirate of Abu Dhabi went down by 10% in 2012 taking down the number of deaths caused by run-over accidents by 14% and the total number of traffic-related deaths by 19%, the Abu Dhabi Police Traffic and Patrol Directorate announced Wednesday.
"I have been guilty as well, at the 1998 World Cup against Argentina and I was running flat out, got a nudge, went down. Could I have stayed up?
Theft crimes have gone down by 4.5 per cent, crimes against people went down by 37.5 per cent, serious assault went down by 13.9 per cent and economical crimes went down by 44 per cent.
When we went down we went through the whole business plan and everything else with a fine-tooth comb, through the whole organisation of the club and this club is now a much stronger organisation for having gone down again and come back up.
Strikers Scott Vernon and Rory Fallon both went down under tough challenges from the St Mirren defender who was also struck on the arm by a ball to spark claims for a spot-kick.
Shares of 29 companies went up, while 5 companies' shares went down, 19 others maintained their prices.
ANKARA, Jan 11, 2011 (TUR) -- The amount of cow milk collected by integrated milk facilities went down 5.1 percent in November when compared to the same term last year and was recorded as 503,034 tons.