utility revenue bond

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Definitions from WordNet

Noun utility revenue bond has 1 sense

utility bond, utility revenue bond - a bond issued to finance the construction of public utility services
--₁ is a kind of municipal bond

Definitions from the Web

Utility Revenue Bond

Noun

A utility revenue bond is a financial instrument issued by a state or local government entity to fund infrastructure projects for utilities, such as water or electricity.

Example Sentence:

The city issued utility revenue bonds to upgrade the aging water treatment plant.

Related Products:

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