Toll Revenue Bond

Toll Revenue Bond
A type of municipal bond used to build a public project such as a bridge, tunnel or expressway. The principal and interest repayments are supplied by revenues from tolls paid by users of the public project in question.

The main reason municipalities use these revenue bonds is because the bonds allow them to avoid reaching legislated debt limits.


Investment dictionary. . 2012.

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  • 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

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