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Toll Revenue Bond |
Also found in: Wikipedia | 0.07 sec. |
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Toll Revenue Bond A type of municipal bond used to build a public project such as a bridge, tunnel or expressway. The bond is repaid with revenues from tolls paid by users of the public project in question. Notes: The main reason municipalities use these revenue bonds is because the bonds allow them to avoid reaching legislated debt limits. Toll revenue bond A municipal bond that is repaid with revenues from tolls that are paid by users of the public project built with the bond revenue. |
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