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water and sewer bond

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Financial Dictionary

water and sewer bond

A revenue bond issued by a municipality to finance the building or extension of water and sewer systems. Interest and principal payments on the bond are derived from and are limited to revenues received from charges to the users of the systems.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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