General Obligation Bond
The gold standard of bonds, these are issued directly by state or local governments or their agencies to meet essential government functions (e.g. infrastructure funding). These bonds are backed by the full faith and taxing power of the issuing government and, as such, are considered the bonds least likely to be subject to a default. A government’s credit rating usually refers to its GO bond rating.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
LATEST FINANCE HEADLINES
The Big Money in States' Big Lawsuits1 hour ago
Pennsylvania Governor Proposes Dramatic Changes to How Education Is Funded20 minutes ago
Rick Scott Calls for Cutting Taxes, Spending More on Schools and Jobs49 minutes ago
Massachusetts Governor Says Early Retirement Plan Will Save Money23 hours ago
Pennsylvania Governor Tom Wolf's 2015 Budget Address (Text and Video)1 day ago
Trouble for Some States, Lower Gas Prices Bring Relief to Mississippi1 day ago