Financial and business terms. 2012.
Revenue bonds — are bonds issued by governments, authorities, or public benefit corporations that are guaranteed by the revenue flow of the issuing agency.The Supreme Court decision of Pollock versus Farmer s Loan and Trust Company of 1895 initiated a wave or… … Wikipedia
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 — 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
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
moral obligation bond — Revenue bonds issued by state agencies, government commissions, or other special purpose municipal entities that purport to have the added backing of a moral obligation of the city or state government. Since there is no legal obligation for the… … Financial and business terms
Municipal Revenue Bonds — Municipal Revenue BondsThe Supreme Court of the United States decision of Pollock v. Farmers Loan Trust Co. of 1895 initiated a wave or series of innovations for the financial services community in both tax treatment and regulation from… … Wikipedia
Hospital Revenue Bond — A type of municipal bond to support the construction of new hospitals or new equipment and upgrades for existing hospitals. The revenue created by the hospitals is then used to pay back bondholders. Generally, bondholders are paid only after the… … Investment dictionary
Minimum Municipal Obligation — (MMO) is, in the United States, the state mandated smallest amount a municipality must contribute to any pension plan established for its employees. The amount is calculated using actuarial science to ensure that municipal pension plans are… … Wikipedia
Minimum municipal obligation — (MMO) is, in the United States, the state mandated smallest amount a municipality must contribute to any pension plan established for its employees. The amount is calculated using actuarial science to ensure that municipal pension plans are… … Wikipedia
