what is "toll revenue bond"?
glossary FAQ: glossary.
Zaria H. From Oakville, Canada
21 May, 2009
A type of municipal bond used to build a public project such as a bridge, tunnel or expressway. The principal and interest repayments are supplied by revenues from tolls paid by users of the public project in question.
The main reason municipalities use these revenue bonds is because the bonds allow them to avoid reaching legislated debt limits. Visit MoneyForex
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