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revenue bond
noun
: a bond issued by a public agency authorized to build, acquire, or improve a revenue-producing property (such as a toll road) and payable out of revenue derived from such property
Examples of revenue bond in a Sentence
Recent Examples on the Web
The decision before the commissioners Tuesday was to approve a $13 million tax-exempt revenue bond for Republic Services.
—Cody Copeland, Fort Worth Star-Telegram, 7 June 2024
But staffers for Mayor Todd Gloria and Councilmember Raul Campillo, who are jointly spearheading the sales tax measure, said the city would likely sell revenue bonds to raise immediate capital for infrastructure projects and paving.
—David Garrick, San Diego Union-Tribune, 6 June 2024
The city will use more than $28.8 million from lease revenue bonds, $4.3 million from American Rescue Act funds received for COVID-19 relief and $10.4 million from the city’s general fund reserves to cover the cost of the project.
—Sierra Lopez, The Mercury News, 23 May 2024
The tax break package includes a combination of tax increment financing and a community improvement district, as well as economic development revenue bonds providing a sales tax exemption on construction materials.
—Sarah Ritter, Kansas City Star, 21 May 2024
See all Example Sentences for revenue bond
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'revenue bond.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1856, in the meaning defined above
Dictionary Entries Near revenue bond
Cite this Entry
“Revenue bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revenue%20bond. Accessed 4 Jul. 2024.
Legal Definition
revenue bond
see bond sense 2
More from Merriam-Webster on revenue bond
Britannica.com: Encyclopedia article about revenue bond
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