a bond issued, as by a municipal utility, to finance a specific project, the income from which will be used for repaying the bond.
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There’s one phrase motivating social media users everywhere. Maybe you’ve heard of relationship goals, or workout goals, but what about “squad goals?” Here’s the rundown. Squad goals are unattainable without a squad, so what’s a squad? “Squad” itself isn’t a new word. For hundreds of years, it has been defined as a group of people formed for special purposes. But “squad” became popular slang in …
Read more in this article about some frequently asked questions and fun facts related to our definitions.
Compare general-obligation bond.
Origin of revenue bond
First recorded in 1855–60
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019