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.

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Etymology

Origin of revenue bond

First recorded in 1855–60

Example Sentences

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