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English definition of “revenue bond”

revenue bond

noun [C]
 
 
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 from the Cambridge Business English Dictionary © Cambridge University Press)
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