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Authority Bond
(redirected from Authority Bonds)

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Authority bond
A bond issued by a government agency or a corporation created to manage a revenue-producing public enterprise. The difference between an authority bond and a municipal bond is that margin protections may be incorporated in the authority bond contract as well as in the legislation that enables the authority.

Authority Bond
A bond issued by an authority, especially a government, that is repaid to bondholders with expected revenues from the project that the authority bond intends to finance. For example, a city may issue an authority to finance improvements to the local museum. It expects to be able to pay back the bond with money raised on increased ticket sales at the museum after improvements are completed.

authority bond
A bond issued by an authority and having interest and principal payable from revenues generated by the authority. The quality of an authority bond is only as good as the quality of the projects sponsored by the authority. Compare revenue bond.


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8 million, and after adding the value of redeeming the Water Authority bonds issue number (32) which amount to JD (47.
The proceeds of the Bonds will be used to refund the May 1, 2011 and the May 1, 2012 maturities of the Building Authority's 1997 Building Authority Bonds for the West Bloomfield Public Library, dated November 1, 1997, and to pay associated costs of issuance on the Bonds.
75% At par, the New York City Industrial Development Authority Bonds were privately sold to a total of 29 institutional investors: Series A $275 million of 6.
 
 
 
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