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.

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