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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
The total program budget is estimated at $575 million, primarily funded by general airport revenue bonds, as well as federal and state grants.
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Aaron Valdez, The Enquirer, 15 Dec. 2024
The 2012 revenue bonds, which carried a premium of $2.65 million, were used to help refund a portion of the 2010 notes.
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Daniel Libit, Sportico.com, 3 Sep. 2019
What Nuveen looks for There are a number of airport revenue bonds within Nuveen’s muni funds.
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Michelle Fox, CNBC, 25 Nov. 2024
The group says the price tag can be paid through a municipal revenue bond that would be amortized over 30 years.
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Rob Nikolewski, San Diego Union-Tribune, 19 Feb. 2024
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Word History
First Known Use
1856, in the meaning defined above
Dictionary Entries Near revenue bond
Cite this Entry
“Revenue bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revenue%20bond. Accessed 10 Feb. 2025.
Legal Definition
revenue bond
see bond sense 2
More from Merriam-Webster on revenue bond
Britannica.com: Encyclopedia article about revenue bond
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