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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The school was early in its talks with private equity, lent money internally to its athletic department, and eventually issued $327 million in revenue bonds to finance stadium construction. Eben Novy-Williams, Sportico.com, 5 Mar. 2025 The Toledo-Lucas County Port Authority authorized up to $425 million in revenue bonds. Anna Clark, ProPublica, 18 Feb. 2025 The total program budget is estimated at $575 million, primarily funded by general airport revenue bonds, as well as federal and state grants. Aaron Valdez, The Enquirer, 15 Dec. 2024 The 2012 revenue bonds, which carried a premium of $2.65 million, were used to help refund a portion of the 2010 notes. Daniel Libit, Sportico.com, 3 Sep. 2019 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 14 Mar. 2025.

Legal Definition

revenue bond

see bond sense 2

More from Merriam-Webster on revenue bond

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