Revenue Bond Law and Legal Definition
A revenue bond is a municipal bond issued to finance a particular project. Principal and interest of the bond are payable solely from revenues produced by a project. If the project does not generate adequate revenue, the interest cannot be paid and the bond goes into default. If revenues increase in the future, the bond will make payment.
Legal Definition list
Related Legal Terms
- Accrual Bond
- Accumulation plan [Internal Revenue]
- Actuarial Present Value [Internal Revenue]
- Additional Bond Test
- Adjustment Bond
- Airport Revenue [Aeronautics and Space]
- All Substantial Rights to a Patent [Internal Revenue]
- Alternate Payee [Internal Revenue]
- American Municipal Bond Assurance Corporation
- Ancillary Bond