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 ?
Fitch believes the city's near-term debt plans will keep the long-term liability burden consistent with the 'aaa' assessment, with $86 million in remaining debt to be issued under the 2016 bond referenda authorization and planned limited obligation bond issuance per the CIP.
--Approximately $150.6 million certificates of participation and limited obligation bonds at 'AA+';
Limited obligation bonds are payable solely from state appropriation.
Securities and Exchange Commission, has assigned the following ratings to the Orange County, NC bonds: --$64.4 million general obligation (GO) school bonds, series 2018 'AAA'; and --$7.6 million limited obligation bonds (LOBS), series 2018 'AA+'.
New York: Fitch Ratings has assigned a 'AA+' rating to the following Wake County, NC limited obligation bonds (LOBs):
The long-term ratings assigned to the series 2016-XF2285 Floater and Residual Certificates will continue to be based on the rating that Fitch has assigned to the State of North Carolina Capital Improvement Limited Obligation Bonds, Series 2011C, serial bonds that have been deposited in the series 2016-XF2285 trust.
--$19.1 million limited obligation bonds (LOB), series 2012 at 'AA'.

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