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.
Funding comes from a handful of entities, including airport revenue bonds and the federal government. Beck Andrew Salgado, Austin American Statesman, 30 July 2025 Expenses so outpaced revenue in 2024 that the district was forced to sign a forbearance agreement with lenders after violating revenue bond covenants. Paul Sisson, San Diego Union-Tribune, 24 July 2025 During Monday’s meeting, the City Council approved a new community improvement district, tax increment financing, industrial revenue bonds and a property tax abatement to help fund the project’s construction. Taylor O’Connor, Kansas City Star, 17 June 2025 The Metropolitan Development Commission on Wednesday approved a plan to issue $66 million in lease revenue bonds to cover construction costs for TWG Development. Jordan Smith, IndyStar, 2 July 2025 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 10 Aug. 2025.

Legal Definition

revenue bond

see bond sense 2

More from Merriam-Webster on revenue bond

Last Updated: - Updated example sentences
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