revenue bond

noun

1. a bond issued, as by a municipal utility, to finance a specific project, the income from which will be used for repaying the bond.

Word History and Origins

Origin of revenue bond¹

First recorded in 1855–60

Example Sentences

Ting defended the deal, saying the state won’t authorize the lease revenue bond for the project without “very, very detailed plans.”

From Seattle Times

Many of the new barrelhouses are being built with industrial revenue bonds exempting them from property taxes for years or decades.

From Seattle Times

Distillers storing barrels in warehouses financed by industrial revenue bonds, to abate local property taxes, will pay barrel taxes as long as those contracts are in place.

From Seattle Times

According to the commission, the changeover would allow the airports, estimated to need nearly $200 million to finance new terminal and runway construction, to issue revenue bonds to fund improvements.

From Washington Post

“We are working several approaches for these funds including revenue bonds for a portion,” Turner said in an email.

From Seattle Times