Utility Revenue Bond (Noun)
Meaning
A bond issued to finance the construction of public utility services.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The city council voted to issue a utility revenue bond to fund the construction of a new water treatment plant.
- The utility revenue bond was secured by the projected revenue from the electricity sales of the new power plant.
- The municipal government decided to use a utility revenue bond to finance the expansion of the sewage system.
- The state issued a utility revenue bond to raise funds for the development of a new highway system.
- The public utility company relied on a utility revenue bond to finance the construction of a new natural gas pipeline.