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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
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
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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 23 Dec. 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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