revenue bond

A municipal bond whose repayment depends solely on the revenues of the project it finances.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

rev′enue bond`

a bond issued to finance a specific project, the income from which will be used for repaying the bond.

[1855–60]

ThesaurusAntonymsRelated WordsSynonymsLegend:

Noun

revenue bond - a bond issued by an agency that is commissioned to finance public works; revenue from the public property is used to pay off the bond

bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal

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References in periodicals archive

The 'AA+' lease revenue bond rating is one notch below the county's IDR, given the greater optionality associated with appropriation debt.

Fitch Rates Municipal Building Auth of Salt Lake County, UT's $42MM Lease Revs 'AA+'; Outlook Stable

5 June 2013 -- German financial services firm Deutsch bank's Deutsche Asset & Wealth Management unit said it has launched the db X-trackers Municipal Infrastructure Revenue Bond Fund (NYSE Ticker: RVNU) and the db X-trackers Regulated Utilities Fund (NYSE Ticker: UTLT).

-Deutsche Asset & Wealth Management launches 2 ETFs

Municipal infrastructure financings most commonly come to market in the form of revenue bond issuance.

-Aging U.S. Infrastructure and Growing Population Fuel Need for New Construction Financed through Municipal Bonds, Says BNY Mellon's Standish

Revenue bonds, unlike property-tax-backed general obligation bonds, may be issued without a public vote under Oregon's Uniform Revenue Bond Act of 1983.

Bad timing for bond vote

A mortgage revenue bond is a tax-exempt bond issued by a state or local government to provide funds to assist low-income individuals to buy their first home.

Surviving Katrina: tax breaks for victims of the costliest catastrophe in American history

The federal approval of bank entry into the municipal market, which NLC has advocated for over 25 years, should permits Zions, along with other banks, which are likely now to apply for and receive revenue bond powers, to compete with local securities firms for municipal revenue bond business.

Feds okay banks to sell municipal revenue bonds: move would aid cities, towns

Securities and Exchange Commission, assigned a 'AA-' revenue bond rating to the following bonds issued by the Mt.

Fitch Ratings assigns 'AA-' rating to Mt. Lebanon Hospital Authority bonds

Newark Commons: On May 17, CharterMac acquired a $14,300,000 tax-exempt Multifamily Housing Revenue Bond from New Castle County, Del.

Newark Commons

Securities and Exchange Commission, assigned an Issuer Default Rating (IDR) of 'A+' and upgraded the revenue bond rating to 'A+' from 'A' on the following debt issued by the Mississippi Hospital Equipment & Facilities Authority on behalf of Forrest County General Hospital or Forrest Health (FH), MS.

Fitch Ratings assigns IDR of 'A+' on debt issued by Mississippi Hospital

-Fitch rates ZKM Gdansk PLN11.2m bus revenue bond at BBB/A+(pol)

In another ADFA deal last month, Taber Extrusions LLC of Russellville, an aluminum extrusion company, will construct a new building and increase its work force after closing on a $10 million tax-exempt, variable-rate conduit revenue bond issue.

ADFA bond issue to aid 5 manufacturers in state