Revenue Bond: Revenue bonds are municipal bonds issued to finance public projects, such as airports and roadways. The bonds are backed by revenue to be generated by the project. For example, if the construction of a tunnel is financed with municipal revenue bonds, the tolls paid by motorists are used to pay back the bondholders. However, bondholders usually have no claims on the bond issuer's other assets or resources.

 

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Revenue Bond: Revenue bonds are municipal bonds issued to finance public projects, such as airports and roadways. The bonds are backed by revenue to be generated by the project. For example, if the constr . . . View Full Definition

Refunded Bond: Also called a prerefunded bond, a bond that originally may have been issued as a general obligation or revenue bond but that is now secured by an escrow fund consisting entirely of direct U. . . . View Full Definition

Revenue Fund: A fund accounting for all revenues from an enterprise financed by a municipal revenue bond.

General Obligation (GO) Bond: State and local governments issue general obligation (GO) municipal bonds and pay the interest and repay the principal from general revenues. GO bonds considered somewhat less risky, and so . . . View Full Definition