revenue bond

(redirected from limited obligation bond)
Also found in: Thesaurus, Financial.
Related to limited obligation bond: Moral obligation bond, Limited Tax General Obligation Bond

revenue bond

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

rev′enue bond`


n.
a bond issued to finance a specific project, the income from which will be used for repaying the bond.
[1855–60]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.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
References in periodicals archive ?
The Jefferson County Economic and Industrial Development Authority has unanimously authorized an agreement with Intrinergy for the issuance and sale of $25 million to $35 million in limited obligation bonds within the next year.
NEW YORK -- Fitch Ratings has assigned an 'AA+' rating to the following general obligation (GO) bonds and a 'AA' rating to the following limited obligation bonds (LOBs) of Union County, North Carolina (the county):
The Hearing Panel found that from January 1999 through October 2002, Field made intentional misrepresentations and omissions of material fact to customers in recommending the purchase and sale of eight special, limited obligation bonds that were not backed by any public agency.
NEW YORK -- Fitch Ratings assigns an 'AA+' rating to the following limited obligation bonds of the State of North Carolina:

Full browser ?