Utility Revenue Bond

Utility Revenue Bond
A type of municipal bond that is issued to finance utility projects, such as electrical plants, water systems, sewer systems or any other type of public utility. A utility revenue bond is repaid from monies earned through the utility improvements, once the project has been completed and the utility is operating.

A bond is an interest-bearing or discounted debt security that is issued by a government or corporation in order to raise funds for capital projects. Generally, utility revenue bonds have one year's worth of debt service in what is called a reserve fund, to protect bondholders in the event that the project is not completed on time (and is not earning revenue) or where revenues are otherwise less than anticipated.


Investment dictionary. . 2012.

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  • utility revenue bond — noun a bond issued to finance the construction of public utility services • Syn: ↑utility bond • Hypernyms: ↑municipal bond …   Useful english dictionary

  • utility revenue bond — A municipal bond issued to finance the construction of public utility services. These bonds are repaid from the operating revenues the project produces after the utility is finished. Bloomberg Financial Dictionary …   Financial and business terms

  • 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 — noun 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 • Hypernyms: ↑bond, ↑bond certificate * * * noun : a bond issued by a public agency authorized to build,… …   Useful english dictionary

  • utility bond — noun a bond issued to finance the construction of public utility services • Syn: ↑utility revenue bond • Hypernyms: ↑municipal bond …   Useful english dictionary

  • municipal bond — noun a bond issued by a state or local government • Hypernyms: ↑bond, ↑bond certificate • Hyponyms: ↑utility bond, ↑utility revenue bond …   Useful english dictionary

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