What does revenue bond mean?
Definitions for revenue bond
rev·enue bond
This dictionary definitions page includes all the possible meanings, example usage and translations of the word revenue bond.
Princeton's WordNet
revenue bondnoun
a bond issued by an agency that is commissioned to finance public works; revenue from the public property is used to pay off the bond
Wikipedia
Revenue bond
A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating entity associated with the purpose of the bonds, rather than from a tax. Unlike general obligation bonds, only the revenues specified in the legal contract between the bond holder and bond issuer are required to be used for repayment of the principal and interest of the bonds; other revenues (notably tax revenues) and the general credit of the issuing agency are not so encumbered. Because the pledge of security is not as great as that of general obligation bonds, revenue bonds may carry a slightly higher interest rate than G.O. bonds; however, they are usually considered the second-most secure type of municipal bonds.
ChatGPT
revenue bond
A revenue bond is a type of municipal bond in which the repayment of the principal and interest is backed by the revenues generated by a specific project or source. These are typically used to fund infrastructure projects like highways, airports, or power plants. The revenue generated by these projects through user fees or tolls is then used to repay the bondholders. Unlike general obligation bonds, revenue bonds are not backed by the full faith and credit of the issuer and therefore, often carry higher risk and higher interest rates.
Wikidata
Revenue bond
A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating entity associated with the purpose of the bonds, rather than from a tax. Unlike general obligation bonds, only the revenues specified in the legal contract between the bond holder and bond issuer are required to be used for repayment of the principal and interest of the bonds; other revenues and the general credit of the issuing agency are not so encumbered. Because the pledge of security is not as great as that of general obligation bonds, revenue bonds may carry a slightly higher interest rate than G.O. bonds; however, they are usually considered the second-most secure type of municipal bonds.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of revenue bond in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of revenue bond in Pythagorean Numerology is: 8
Translations for revenue bond
From our Multilingual Translation Dictionary
- облигация под доходыRussian
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"revenue bond." Definitions.net. STANDS4 LLC, 2024. Web. 16 Apr. 2024. <https://www.definitions.net/definition/revenue+bond>.
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