A bond that is repaid from the income generated by the project it is designed to finance is called a(n)

Question

Quizplus · Accepted Answer

Revenue bonds are specifically designed to finance public works projects that will generate revenue, such as toll roads, hospitals, or utilities. The bondholders are repaid from the income generated by the project rather than from general taxation, making them less risky for the municipality issuing the bond.

A Bond That Is Repaid from the Income Generated by the Project