utility revenue bond Synonyms
No Synonyms and anytonyms found
utility revenue bond Meaning
Wordnet
utility revenue bond (n)
a bond issued to finance the construction of public utility services
utility revenue bond Sentence Examples
- The city council authorized the issuance of $10 million in utility revenue bonds to finance the expansion of the municipal wastewater treatment plant.
- Utility revenue bonds are a type of municipal bond that is backed by the revenue generated by a specific public utility.
- The bonds are typically used to finance capital projects that improve or expand the utility's infrastructure.
- Utility revenue bonds are often attractive to investors because they offer a higher yield than general obligation bonds.
- However, the bonds are also subject to more risk because they are not backed by the full faith and credit of the municipality.
- The interest on utility revenue bonds is typically exempt from federal income taxes.
- The bonds are often used to finance projects that provide essential services, such as water, sewer, and electricity.
- Utility revenue bonds are a common way for municipalities to finance capital projects without raising taxes.
- The bonds are typically issued in denominations of $5,000 or more.
- Utility revenue bonds are typically repaid over a period of 20 to 30 years.
FAQs About the word utility revenue bond
a bond issued to finance the construction of public utility services
No synonyms found.
No antonyms found.
The city council authorized the issuance of $10 million in utility revenue bonds to finance the expansion of the municipal wastewater treatment plant.
Utility revenue bonds are a type of municipal bond that is backed by the revenue generated by a specific public utility.
The bonds are typically used to finance capital projects that improve or expand the utility's infrastructure.
Utility revenue bonds are often attractive to investors because they offer a higher yield than general obligation bonds.
