revenue bond
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Related to revenue bond: Municipal revenue bond
revenue bond
n.
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`
n.
a bond issued to finance a specific project, the income from which will be used for repaying the bond.
[1855–60]
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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 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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