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revenue bond
(redirected from limited obligation bond)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

revenue bond

 or limited obligation bond

Bond issued by a municipality, state, or public agency authorized to build, acquire, or improve a revenue-producing property such as a waterworks, electric generating plant, or railroad. Unlike general-obligation bonds, which are repaid through a variety of tax sources, revenue bonds are payable from specified revenues only, usually the revenues from the facility for which the bond was originally issued. Revenue bonds typically pay interest rates higher than those of general-obligation bonds. The separation of the revenue bond obligation from a municipality's other bond obligations allows the municipality to circumvent legislated debt limits.



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NEW YORK -- Fitch Ratings has assigned an 'AA+' rating to Forsyth County, North Carolina's (the county) estimated $15 million limited obligation bonds (LOBs), series 2009.
1 million limited obligation bonds (LOBs), series 2009.
Fitch Ratings assigns a rating of 'AA+/F1+' to Raleigh, North Carolina's $47,675,000 variable-rate limited obligation bonds (LOBs) series 2009.
 
 
 
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