Meaning of “revenue bond” in the English Dictionary

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"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 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)