revenue bond Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “revenue bond” in the English Dictionary

"revenue bond" in Business English

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revenue bondnoun [C]

uk   us  
FINANCE in the US, a ​type of ​bond used to get ​money for a ​publicproject, 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 ​revenuebond.
(Definition of revenue bond from the Cambridge Business English Dictionary © Cambridge University Press)
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