Revenue Bond
A bond which is to be repaid from a specific source of revenues, typically those produced by the facility or system for which the bond is issued.
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Special Tax Bond
Tax-based Revenue Bonds that are secured by revenues derived from one or more designated Taxes levied for a specific purpose, including income taxes, excise taxes (such as taxes on tobacco, alcoholic beverages, fuel, etc.), Special Assessments, hotel occupancy taxes, sales taxes and limited Ad Valorem Taxes.
See Also
Special Assessment
A charge imposed against properties in a designated district in respect of special benefits received by those properties from the construction of nearby or adjacent public improvements, separate and apart from the general benefit accruing to the public at large.
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Hundreds of Terms and Concepts
Sinking Fund
A fund to which the issuer or the conduit borrower periodically makes payments or in which revenues from a project are periodically deposited for purposes of paying the debt service on a bond issue.