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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FIRM is members of a business organization that owns or operates one or more establishments, e.g. a legal or accounting firm.

RULE OF THUMB is a rough and useful principle or method, based on experience rather than precisely accurate measures.

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