revenue bond


noun

a bond issued, as by a municipal utility, to finance a specific project, the income from which will be used for repaying the bond.

QUIZZES

BECOME A PRO CHEF WITH THIS EXQUISITE CUISINE QUIZ!

Even if you can't be a professional chef, you can at least talk like one with this vocabulary quiz.
Question 1 of 9
You may have read the word "simmer" in a recipe or two, but what does it really mean?

Origin of revenue bond

First recorded in 1855–60
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020