A municipal bond backed by the revenue-generating capacity of the issuer; requires that the principal and interest be paid only if a sufficient level of revenue is generated.
A bond of which the debt service is payable solely from the revenue generated from the operation of the project being financed, a category of facilities or from other non-tax sources.
A bond payable solely from net or gross nontax revenues derived from tolls, charges or rents paid by users of the facility constructed with the proceeds of the bond issue.
municipal bond issued to finance public works such as bridges or tunnels or sewer systems and supported directly by the revenues of the project. For instance, if a municipal revenue bond is issued to build a bridge, the tolls collected from motorists using the bridge are committed for paying off the bond. Holders of these bonds have no claims on the issuerâ€(tm)s other resources.
Also called municipal revenue bond - bond issued to finance public works supported directly by the revenues of the project.
Revenue bonds are generally tax exempt bonds sold by the Department to finance affordable housing for lower income households. The bonds are payable solely from and secured by a pledge of the revenues received from the projects financed by them.
a bond whose interest and principal are payable only from specific earnings of an income-producing enterprise.
a bond issued by an agency that is commissioned to finance public works; revenue from the public property is used to pay off the bond
a bond backed by a dedicated revenue stream
a debt instrument used to finance projects from which a portion of the projects revenues are set aside to pay back the loan
a municipal bond payable solely from non-tax revenues derived from tolls, charges, or rents paid by users of a facility constructed with the proceeds of the bond issue
a municipal bond that derives its interest and principal payments from revenue s generated by municipal projects
a type of municipal bond in which principal and interest are secured by future revenues
A type of municipal bond backed by revenue from the project the bond finances.
Kind of municipal bond issued to finance public works such as bridges or tunnels or sewer systems, and supported directly by the revenues of the project. Pays federally tax-free income.
A bond secured solely by the pledge of project or system revenues, without recourse to any tax support.
A Bond the debt service on which is payable solely from the revenue generated from the operation of the facilities being financed or from other non-tax sources.
A municipal bond that is backed by the revenue from the project being financed. Revenue bonds are less securely backed than general obligation bonds, and thus may trade with higher yields.
A municipal security backed by earnings or revenues of a project (e.g., tolls for a bridge).
A municipal bond whose debt service is paid from the revenues paid from the operation of the facilities acquired or constructed from the proceeds of the bond.
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.
A municipal bond that is secured by the income expected to be generated by the project financed by the bond, as opposed to a general obligation bond that is secured by the government's taxing authority.... read full article
A type of municipal security backed solely by fees or other revenue generated or collected by a facility, such as tolls from a bridge or road, or leasing fees. The creditworthiness of revenue bonds tends to rest on the bond's debt service coverage ratio—the relationship between revenue coming in and the cost of paying interest on the debt.
a bond on which the debt service is primarily payable from the revenue generated by the sewer utility or wastewater utility. A majority of EIF loans are collateralized by revenue bonds.
A municipal bond supported by the revenue from a specific project, such as a toll road, bridge, or municipal coliseum.
A municipal bond used to finance public works such as bridges, tunnels, or sewers. Principal and interest on the bond are paid directly from the revenues of the project, such as tolls. (Opposite: G.O., or General Obligation Bond, which relies on the taxpayers of a municipality to repay the debt.)
A tax-free municipal bond payable from revenues derived from tolls, charges, or rents paid by users of the facility constructed with the proceeds of the bond issue.
A municipal bond (muni) backed by the revenue gained from a specific project such as the building of a stadium
Municipal bond backed by a designated stream of money. The revenue securing the bond usually emanates from a project funded by that bond sale
A bond issued to finance public works such as bridges and tunnels. Revenue can be derived from tolls on motorists or other charges and rents. These revenues directly support the projects.
A bond issue which is secured by a pledge of the revenues of the specific project.
A bond payable from the non-tax revenues generated by a facility constructed with the proceeds of the bond issue.
A municipal bond whose issuer’s ability to pay interest and principal is based on revenue earned from a specific project.
bond issued by a municipality to finance either a project or an enterprise where the issuer pledges to the bondholders the revenues generated by the operating projects financed, for instance, hospital revenue bonds and sewer revenue bonds.
A bond whose interest payments are generated from the revenue derived from operating the facility or project.
A bond that is to be paid off by revenues produced by the facility it finances, e.g., user fees for a parking garage or room fees for a dormitory.
A municipal bond whose debt service is payable solely from the revenues derived from operating the facilities acquired or constructed with the proceeds of the bonds.
A municipal bond supported by the revenue from a specific project, such as a toll bridge, highway, or local stadium.
A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating entity associated with the purpose of the bonds. Unlike general obligation bonds, only the revenues specified in the legal contract between the bond holder and bond issuer are required to be used for repayment of the principal and interest of the bonds; other revenues (notably tax revenues) and the general credit of the issuing agency are not so encumbered. Because the pledge of security is not as great as that of general obligation bonds, revenue bonds may carry a slightly higher interest rate than G.O. bonds; however, they are usually considered the second-most secure type of municipal bonds.