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
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What Nuveen looks for There are a number of airport revenue bonds within Nuveen’s muni funds. Michelle Fox, CNBC, 25 Nov. 2024 The group says the price tag can be paid through a municipal revenue bond that would be amortized over 30 years. Rob Nikolewski, San Diego Union-Tribune, 19 Feb. 2024 The commission also approved $180 million in revenue bonds for the Ragin’ Cajun Facilities, Inc. – University of Louisiana at Lafayette Energy Project, not exceeding 6% tax exemptions, 7% taxable, and a maturity of 32 years. Jacob Mathews | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 21 Oct. 2024 Utility board OKs $22.3M in bonds Central Arkansas Water’s board of commissioners on Thursday agreed to issue approximately $22.3 million of capital-improvement water revenue bonds. Joseph Flaherty, arkansasonline.com, 15 Oct. 2024 See all Example Sentences for revenue bond 

Word History

First Known Use

1856, in the meaning defined above

Time Traveler
The first known use of revenue bond was in 1856

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 23 Dec. 2024.

Legal Definition

revenue bond

see bond sense 2

More from Merriam-Webster on revenue bond

Last Updated: - Updated example sentences
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