A bond that is backed by the tolls collected from a bridge to be constructed from the proceeds of the bond is an example of:

Question

Quizplus · Accepted Answer

A revenue bond is a type of municipal bond that is secured by the revenue generated by a specific project or facility, such as tolls collected from a bridge. This distinguishes it from a general obligation bond, which is backed by the full faith and credit of the issuer, and a non-obligation bond, which has no collateral backing.

A Bond That Is Backed by the Tolls Collected from a Bridge