| 释义 |
revenue bond
revenue bondn. A municipal bond whose repayment depends solely on the revenues of the project it finances.rev′enue bond`
n. a bond issued to finance a specific project, the income from which will be used for repaying the bond. [1855–60] Thesaurus| Noun | 1. | revenue bond - a bond issued by an agency that is commissioned to finance public works; revenue from the public property is used to pay off the bondbond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal |
Revenue bond
Revenue bondA bond issued by a municipality to finance either a project or an enterprise in which the issuer pledges to the bondholders the revenues generated by the operation of the projects financed. Examples are hospital revenue bonds and sewer revenue bonds.Revenue BondA municipal bond that is not secured by the issuer's general revenue but instead by the revenue of the project it intends to finance. For example, a city may issue a revenue bond to finance improvements to the local sewer system. It expects to be able to pay back the bond with money raised from citizens' water bills. Generally speaking, a revenue bond is riskier than other municipal bonds because the project has no power to tax on its own. However, it is usually a fairly safe investment. See also: Authority Bond.revenue bond A municipal debt on which the payment of interest and principal depends on revenues from the particular asset that the bond issue is used to finance. Examples of such projects are toll roads and bridges, housing developments, and airport expansions. Revenue bonds are generally considered of lower quality than general obligation bonds, but there is a great amount of variance in risk depending on the particular assets financed. Compare authority bond.Revenue bond.Revenue bonds are municipal bonds issued to finance public projects, such as airports and roadways. The bonds are backed by revenue to be generated by the project. For example, if the construction of a tunnel is financed with municipal revenue bonds, the tolls paid by motorists are used to pay back the bondholders. However, bondholders usually have no claims on the bond issuer's other assets or resources. revenue bond
Related to revenue bond: Municipal revenue bondWords related to revenue bondnoun a bond issued by an agency that is commissioned to finance public worksRelated Words |