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Utility Bond

Definition: A utility bond is a type of financial bond issued by utility companies as a means of raising capital for infrastructure projects and other operational expenses.

Senses:

Sense 1:

Part of Speech: Noun

Definition: A debt security issued by a utility company to fund various projects and obligations.

Example Sentence: The utility bond helped the electricity company fund the construction of new power plants.

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Sense 2:

Part of Speech: Noun

Definition: A bond that provides compensation in case of utility service disruptions or other failures.

Example Sentence: The utility bond ensured that customers would receive compensation if their water supply was interrupted.

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Sense 3:

Part of Speech: Adjective

Definition: Of or relating to utility bonds.

Example Sentence: The utility bond market experienced significant growth in the past year.

Related Products: Utility Bonds on Amazon