revenue bond

noun

: a bond issued by a public agency authorized to build, acquire, or improve a revenue-producing property (such as a toll road) and payable out of revenue derived from such property

Examples of revenue bond in a Sentence

Recent Examples on the Web
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That includes general obligation bonds and revenue bonds, such as water, sewer and utility. — Michelle Fox, CNBC, 22 Sep. 2026 The state’s sale of revenue bonds would create the down-payment pot. — Los Angeles Times, 21 Sep. 2026 Much of the debt stems from revenue bonds issued to finance renovations to Doak Campbell Stadium and construction of a new football operations center. — Daniel Libit, Sportico.com, 14 Sep. 2026 The litigation, filed on behalf of holders of charter school revenue bonds issued by the California School Finance Authority, led to the appointment of a receiver to find a buyer for the property. — George Avalos, Mercury News, 21 Aug. 2026 See All Example Sentences for revenue bond

Word History

First Known Use

1856, in the meaning defined above

Time Traveler
The first known use of revenue bond was in 1856

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Cite this Entry

“Revenue bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revenue%20bond. Accessed 30 Sep. 2026.

Legal Definition

revenue bond

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