revenue bond
Definition
Debt obligation for which interest and principal payments are derived (directly and solely) from the revenue of the project being financed by that bond issue. Issued typically by municipalities for funding public works (bridges, roads, sewer system), these bonds collateralize the project's assets, and the bondholder has no claim on the issuer's assets. In contrast, a general obligation bond is secured by the government's full taxing power.
revenue bond is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.
revenue bond appears in the definition of the following term: special purpose bond
revenue bond appears in the other term: industrial revenue bond (IRB)
This content can be found on the following page:
http://www.businessdictionary.com/definition/revenue-bond.html
email to a friend print this definition cite this definition