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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It is designed for California residents earning up to 200% of their area’s median income and would be funded by $25 billion in revenue bonds, which would be paid back using mortgage payments. Evelyn Ronan, Sacbee.com, 23 June 2026 The acquisition will be funded with tax-exempt revenue bond issuance by the Maryland Economic Development Corporation, and no general fund tax dollars will be used to pay for it, according to the governor's office. Jt Moodee Lockman, CBS News, 18 June 2026 As the Valparaiso City Council voted Tuesday for a waterworks revenue bond not to exceed $10 million, the city’s utility director said the new investments will not increase water rates. Shelley Jones, Chicago Tribune, 10 June 2026 The Chula Vista City Council voted unanimously last week to authorize the issuance of up to $80 million in tax-exempt multifamily housing revenue bonds to finance an affordable apartment complex in the Otay Ranch area. Walker Armstrong, San Diego Union-Tribune, 25 May 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 26 Jun. 2026.

Legal Definition

revenue bond

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