Gross Revenue Pledge
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Gross Revenue Pledge

A provision in the indentures of some municipal bonds stating that the first priority of the revenue from the bond shall service debt or be set aside to pay the coupons to bondholders. The project a bond intends to finance is relegated to second place, and may be funded from other sources in addition to the bond. This places a difficulty on the issuer, but reduces the risk of default to bondholders. It also allows the bond to be issued at a lower interest rate, which is good for the issuer.

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No references found			For small to medium credits, however, first mortgages and gross revenue pledges will begin to be lumped in with "hot air" in terms of quality of collateral; I can imagine liens on body parts becoming more important at that time. In Box by Contemporary Long Term Care			Groschen Gross gross area Gross Domestic Product gross domestic product deflator Gross Earnings Gross Estate gross income gross income multiplier Gross Interest gross leasable area gross lease Gross Margin Gross National Product Gross parity Gross Per Broker gross potential income gross potential rental income Gross Processing Margin Gross Production Tax Gross Profit Gross Profit Margin gross rent multiplier Gross Rents Gross Revenue Pledge Gross Revenue Pledges Gross Sales Gross Spread gross square footage gross up Gross Weight Gross Working Capital Grosz ground area ground lease ground rent groundwater Group Annuity group boycott Group depreciation group home Group Insurance Group of Eight Group of Eleven Group of Five Group of Funds Group of Seven Group of Ten Group of Thirty Group of Three Group of Twenty Four			Gross Redemption Gross Redemption Yield Gross Refining Margin Gross Regional Domestic Product Gross Regional Product Gross register ton Gross register ton Gross register ton Gross register ton Gross register ton Gross Register Tonnage Gross Register Tonnage Gross Register Tonnage Gross Registered Tonnage/Tons Gross Rent Multiplier Gross Rent Multiplier Gross Rent Occupancy Cost Gross Rent Potential Gross Rents Gross Requirement Gross Requirement Tape Gross Requirements List Gross Residual Tumor Volume gross return gross revenue gross revenue gross revenue gross revenue Gross Revenue Multiplier Gross Revenue Pledge Gross Revenue Pledges gross revenues Gross Rock Volume gross rubber gross sales gross sales Gross Sales After Discounts Gross Sales Charge Gross Sales Value Gross Salze Groß Salze gross sample Gross Scheduled Income gross section gross sensory testing Gross Sexual Imposition Gross Sick Absenteeism Rate Gross Social Product Gross Solids Removal Devices gross specific surface area Gross spread Gross Spreads Gross Square Feet gross square footage Gross Square Metre Gross Standard Volume

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Gross Revenue Pledge (redirected from Gross Revenue Pledges)

Gross Revenue Pledge
(redirected from Gross Revenue Pledges)