revenue bond

Definition

Bond issued by a municipality to finance a specific public works project and supported by the revenues of that project. also called municipal revenue bond.

Use revenue bond in a sentence

You need to make sure that you are getting a good rate any time you decide to invest in a revenue bond.

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Tom chose to invest in his hometown by purchasing a revenue bond, whose funds would go towards the creation of a new public park.

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The city offered a revenue bond, which helped cover the shortfall on the project that was proposed, much to the relief of city council.

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Japanese Government Bond hospital revenue bond