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]

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 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