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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
The tax break package includes a combination of tax increment financing and a community improvement district, as well as economic development revenue bonds providing a sales tax exemption on construction materials.
—Sarah Ritter, Kansas City Star, 21 May 2024
The state would issue revenue bonds to fund the project, then suppliers would have to pay back the costs.
—Calmatters, The Mercury News, 16 May 2024
Commissioners passed a resolution of intent to offer $43 million in industrial revenue bonds so TWG can get a sales tax exemption on construction costs.
—Bill Lukitsch, Kansas City Star, 12 Apr. 2024
Short for sales tax revenue bonds, the state-run bond program is a powerful incentive tool that provides upfront capital to developers for major projects aimed at bringing tourists to the state.
—Bill Lukitsch, Kansas City Star, 9 Apr. 2024
Separate action items that would have allowed the district to pursue lease revenue bonds valued at a maximum of $30 million to build the new facility were pulled from the agenda by Superintendent Angélica Ramsey.
—Lina Ruiz, Fort Worth Star-Telegram, 27 Mar. 2024
Ross Brown, principal fiscal and policy analyst with the LAO, said the state pays about $5 billion annually in debt service, which includes payment for general obligation bonds and lease revenue bonds, from the general fund.
—Taryn Luna, Los Angeles Times, 1 Mar. 2024
In addition to seeking industrial revenue bonds, the company also has applied for state workforce development grant and a grant from the U.S. Department of Energy's battery manufacturing and recycling program.
—Karl Ebert, Journal Sentinel, 16 Jan. 2024
The group says the price tag can be paid through a municipal revenue bond that would be amortized over 30 years and pledges to support union workers.
—Rob Nikolewski, San Diego Union-Tribune, 14 Feb. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'revenue bond.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
First Known Use
1856, in the meaning defined above
Dictionary Entries Near revenue bond
Cite this Entry
“Revenue bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revenue%20bond. Accessed 29 May. 2024.
Legal Definition
revenue bond
see bond sense 2
More from Merriam-Webster on revenue bond
Britannica.com: Encyclopedia article about revenue bond
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