revenue bond

noun [C]

Definition

› FINANCE in the US, a type of bond used to get money for a public project, such as building a road or school. The bond is paid back with money received from users of the road, etc. when it is finished: The county will fund the project through a 20-year revenue bond.

(Definition of revenue bond noun from the Cambridge Business English Dictionary © Cambridge University Press)

Focus on the pronunciation of revenue bond