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revenue bond

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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Word History and Origins

Origin of revenue bond1

First recorded in 1855–60
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Example Sentences

They note that the city and supporters believe bond payments should be covered by the hotel-tax increase and that revenue bonds like those they called for the city to pursue usually do not require a two-thirds vote.

They issue general obligation bonds, which can be repaid from taxes, and revenue bonds, which are pegged to specific projects that generate income like bridge tolls.

From Time

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