revenue bond

noun

: a bond issued by a public agency authorized to build, acquire, or improve a revenue-producing property (such as a toll road) and payable out of revenue derived from such property

Examples of revenue bond in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Kozlik prefers high-grade, general obligation bonds and high-grade revenue bonds. Michelle Fox, CNBC, 17 Sep. 2025 To improve the passenger experience, funding was made through a combination of passenger facility charge revenues, customer facility charge revenues, general airport revenue bonds and airport cash, according to CLT. Charlotte Observer, 17 Sep. 2025 Palomar’s reserves dwindled so much that its cash on hand no longer met lender guidelines, forcing the organization to approve a forbearance agreement to prevent default on more than $700 million in outstanding revenue bonds. Paul Sisson, San Diego Union-Tribune, 11 Sep. 2025 It was funded partially by revenue bonds and private donations. Chris Biderman, Sacbee.com, 29 Aug. 2025 See All Example Sentences for revenue bond

Word History

First Known Use

1856, in the meaning defined above

Time Traveler
The first known use of revenue bond was in 1856

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Cite this Entry

“Revenue bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revenue%20bond. Accessed 20 Sep. 2025.

Legal Definition

revenue bond

see bond sense 2

More from Merriam-Webster on revenue bond

Last Updated: - Updated example sentences
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