revenue bond(redirected from limited obligation bond)
Also found in: Thesaurus, Financial.
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.
a bond issued to finance a specific project, the income from which will be used for repaying the bond.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
Switch to new thesaurus
|Noun||1.||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|
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.