The main reason municipalities use these revenue bonds is because the bonds allow them to avoid reaching legislated debt limits.
Investment dictionary. Academic. 2012.
Toll revenue bond — A toll revenue bond is a financial promissory note usually issued to generate funds for the construction and/or operation of a public accommodation such as an expressway, bridge, or tunnel. Funds for the repayment are obtained through revenue… … Wikipedia
toll revenue bond — A municipal bond that is repaid with revenues from tolls that are paid by users of the public project built with the bond revenue. Bloomberg Financial Dictionary … Financial and business terms
Revenue bond — A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue generating entity associated with the purpose of the bonds, rather than from a tax. Unlike… … Wikipedia
revenue bond — a bond issued, as by a municipal utility, to finance a specific project, the income from which will be used for repaying the bond. Cf. general obligation bond. [1855 60] * * * or limited obligation bond Bond issued by a municipality, state, or… … Universalium
Revenue Bond — A municipal bond supported by the revenue from a specific project, such as a toll bridge, highway, or local stadium. This differs from general obligation bonds, which can be repaid through a variety of tax sources. Revenue bonds are only payable… … Investment dictionary
revenue bond — noun Date: 1856 a bond issued by a public agency authorized to build, acquire, or improve a revenue producing property (as a toll road) and payable out of revenue derived from such property … New Collegiate Dictionary
Toll bridge — A toll bridge is a bridge over which traffic may pass upon payment of a fee, or toll. Some major facilities in combination with a tunnel are called a bridge tunnel complex. See Toll road for more information. History The practice of collecting… … Wikipedia
Toll road — A toll road, (also known as a tollway, turnpike, pike, or toll highway, especially if it is constructed to freeway standards), is a road for which a driver pays a toll (that is, a fee) for use. Structures for which tolls are charged include toll… … Wikipedia
Toll roads in the United States — See List of toll roads in the United States A toll road in the United States, especially near the east coast, is often called a turnpike . The term turnpike originated from pikes , which were long sticks that blocked passage until the fare was… … Wikipedia
Toll — The word toll has several meanings.*In the context of transportation: **toll road, toll bridge, toll tunnel, and toll house, where money is collected in return for the use of the facility. **Electronic toll collection, high occupancy toll, shadow … Wikipedia
