A bond issued by a municipality to finance either a project or an enterprise in which the issuer pledges to the bondholders the revenues generated by the operation of the projects financed. Examples are hospital revenue bonds and sewer revenue bonds.
Similar Matches
General revenue
General revenue The sum of taxes, charges, and miscellaneous income taken in at the state and local level while neglecting overlapping revenue which may be erroneously counted twice.
Hospital revenue bond
Hospital revenue bond A bond issued to finance construction of a hospital by a municipal or state agency.