General Obligation Bond - GO

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DEFINITION of 'General Obligation Bond - GO'

A municipal bond backed by the credit and "taxing power" of the issuing jurisdiction rather than the revenue from a given project.

BREAKING DOWN 'General Obligation Bond - GO'

General obligation bonds are issued with the belief that a municipality will be able to repay its debt obligation through taxation or revenue from projects. No assets are used as collateral.

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