revenue bond

revenue bond

noun
a bond issued, as by a municipal utility, to finance a specific project, the income from which will be used for repaying the bond.


Origin:
1855–60

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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WordNet
revenue bond

noun
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 
WordNet® 3.0, © 2006 by Princeton University.
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