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revenue bond

English Thesaurus

1. a bond issued by an agency that is commissioned to finance public works; revenue from the public property is used to pay off the bond (noun.possession)
:bond, bond certificate,
definition:a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal (noun.possession)

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