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Revenue Bond (Noun)

Meaning

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.

Classification

Nouns denoting possession and transfer of possession.

Examples

  • The government issued a revenue bond to finance the construction of a new toll bridge, with tolls collected from the bridge serving as the primary source of repayment.
  • A revenue bond was floated to raise funds for the upgrade of the local airport, which was expected to increase passenger traffic and generate more revenue to service the bond.
  • The water and sewer department sold revenue bonds to finance the construction of a new wastewater treatment plant, with wastewater treatment fees used to repay the bond.
  • To fund a highway expansion project, the state transportation agency issued a revenue bond that would be repaid from tolls and other revenue generated by the highway.
  • The city metropolitan transit authority issued a revenue bond to raise funds for the purchase of new buses and the expansion of public transportation services, with revenue generated from fares used to pay off the bond.

Hypernyms

  • Bond Certificate
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