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revenue bond

American  

noun

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


Etymology

Origin of revenue bond

First recorded in 1855–60


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

In 2015, Cortopassi started the petition drive for Proposition 53 to require statewide votes on large state revenue bond issues as well, getting the measure on next month’s ballot.

From Seattle Times ● Oct. 29, 2016

The bulk of the $45 million construction costs were funded by a revenue bond, to be paid back with “rents” from students.

From New York Times ● Aug. 4, 2016

A revenue bond for $2.3 million, plus $800,000 in reserve cemetery funds, helped to move the project forward.

From Washington Times ● May 13, 2016

They initially focused on Ash Grove because of the company's relationship with the city, including a multimillion dollar tax abatement and an industrial revenue bond issued on the company's behalf.

From Slate ● Nov. 10, 2011

The daily yield of a New York floating-rate mortgage- revenue bond maturing in 2037 jumped to 2.75 percent today from 2 percent yesterday, according to data compiled by Bloomberg.

From BusinessWeek ● Oct. 4, 2011

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