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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.

Goes

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.

GO

References in periodicals archive ?
The source noted that the number of victims of the car bomb, which went off in Abu Dshir area, south of Baghdad, rose to four killed and 15 wounded.
Another two car bombs went off in succession at a parking lot in the town of Swayra, some 70 km southeast of Baghdad, wounded three people and left some 30 cars burned, the source said.
He added that one civilian killed and four others wounded when another IED went off in Baijiya area, in Mansour, Western Baghdad, causing damages to nearby properties.
Two-time Boston Marathon winner Geoff Smith, 59, from Liverpool, left a VIP reception by the finish line just before the bombs went off.
Witnesses said that the first bomb was planted at the foot of the wall of the customs office when commuters were waiting for rickshaws, while the second one, went off some metres away.
Police said the first bomb went off in a freezer used to keep drinks cold.
Another IED emplaced on the roadside near al-Kindi hospital intersection in central Baghdad went off, injuring a traffic policeman and a civilian and damaging some passing vehicles," he added.
An explosion went off at a gas terminal in Egypt's northern Sinai Peninsula on Saturday.
The deadliest attack Friday came when a car bomb went off near a mosque in the northern Baghdad neighborhood of Shaab, killing at least 20 people and injuring 17 others, the AP reported.
At least four people have been killed after an explosive device went off at a mosque in northwest Pakistan, police said.
One customer, who did not want to be named, said: "I could not believe it when the power went off I was on for the jackpot on the fruit machine and lost pounds 17 when the machine went off.
was killed when he went off a road and struck a tree Monday night.