A bond issued by a local government to build a convention center that is to be financed by fees charged to users is an example of

Question

Quizplus · Accepted Answer

A revenue bond is a type of municipal bond that is backed by the revenue generated by a specific project, such as a convention center. The bond is repaid using the fees charged to users of the facility, rather than general tax revenue. This makes it different from a general obligation bond, which is backed by the full faith and credit of the government issuing the bond.

A Bond Issued by a Local Government to Build a Convention