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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REDISCOUNT is to discount short-term negotiable debt instruments for a second time, after they have been discounted with a bank.

REMITTING BANK is a bank that sends a draft to the overseas bank for collection.

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