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Finance Dictionary and Glossary of Investment Terms
Revenue bond
Definition 1.
A bond issued by a municipality to finance either a project or an enterprise in which the issuer pledges to the bondholders the revenues generated by the operation of the projects financed. Examples are hospital revenue bonds and sewer revenue bonds.
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Definition 2.
Bond issued by a municipality to finance a specific public works project and supported by the revenues of that project. also called municipal revenue bond.
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Definition 3.
A municipal bond supported by the revenue from a specific project, such as a toll bridge, highway, or local stadium.
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