What Does Special revenue bond Mean?

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What does Special revenue bond mean? Read on to discover the definition & meaning of the term Special revenue bond - to help you better understand the language used in insurance policies.

Special revenue bond

Special revenue bond

any security, or other instrument under which a payment obligation is created, issued by or on behalf of a governmental unit to finance a project serving a substantial public purpose and not payable from the sources in connection with the payment of municipal obligation bonds.

We hope the you have a better understanding of the meaning of Special revenue bond.

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