| 单词 |
toll revenue bond |
| 释义 |
Toll revenue bond
Toll revenue bondA municipal bond that is repaid with revenues from tolls that are paid by users of the public project built with the bond revenue.Toll Revenue BondA municipal bond with a coupon and principal guaranteed by the revenue on a toll road. Generally speaking, a toll revenue bond builds some improvement, such as a bridge or road, and the toll is placed on that road to repay the bond. A toll revenue bond helps some municipalities avoid its debt ceilings. |
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