REVENUE BONDS Definition

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REVENUE BONDS are a type of municipal bond where principal and interest are secured by revenues such as charges or rents paid by users of the facility built with the proceeds of the bond issue. Projects financed by revenue bonds include highways, airports, and not-for-profit health care and other facilities.

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ACCRUED INTEREST is interest earned but not paid since the last due date.

SENSEX is a Bombay Stock Exchange Index (BSE 30-Share Benchmark Sensex Index).

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