Definitions for "Industrial Development Bond"
Keywords:  idbs, tra, municipal, exempt, revenue
A bond secured by the pledge of lease revenue from publicly owned industrial facilities. Also called an Industrial Revenue Bond.
A bond that allows private investors to finance apartment and commercial developments by using tax-exempt, inexpensive funds. TRA '86 imposed severe restrictions on this financing technique.
A bond issued by a municipality which is secured by a lease agreement with a corporation.