[jen-er-uh
l-ob-li-gey-shuhn] 
| a bond issued by a state or city and backed by general tax revenue and the issuer's credit. |
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.
Investopedia Commentary
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.
Related Links
Weighing The Tax Benefits Of Municipal Securities
The Lowdown On Savings Bonds
Bond Basics Tutorial
What Is A Corporate Credit Rating?
See also: Bond, Collateral, Municipal Bond, Whoops
Also spelled: GO