General obligation bond

A general obligation bond (GO) is a municipal bond backed by the credit and taxing power of the issuing jurisdiction rather than the revenue from a given project. 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—Read more at Investopedia. Chen, James. “General Obligation Bond (GO).” 3 April 2019