revenue bond

(redirected from limited obligation bond)
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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 ?
New York: Fitch Ratings has assigned a 'AA-' rating to the following limited obligation bonds (LOBs) of the City of High Point, North Carolina:
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):
NEW YORK -- Fitch Ratings assigns an 'AA+' rating to the following limited obligation bonds of the State of North Carolina:
The certificates of participation (COPs) and limited obligation bonds (LOBs) are secured by lease payments equal to debt service, subject to annual appropriation by the county.

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