water and sewer bond

water and sewer bond definition - business

water and sewer bond

A revenue bond issued by a municipality to finance the building or extension of water and sewer systems. Interest and principal payments on the bond are derived from and are limited to revenues received from charges to the users of the systems.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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