Toll Revenue Bond

AAA

DEFINITION of 'Toll Revenue Bond'

A type of municipal bond used to build a public project such as a bridge, tunnel or expressway. The principal and interest repayments are supplied by revenues from tolls paid by users of the public project in question.

INVESTOPEDIA EXPLAINS 'Toll Revenue Bond'

The main reason municipalities use these revenue bonds is because the bonds allow them to avoid reaching legislated debt limits.

RELATED TERMS
  1. Hospital Revenue Bond

    A type of municipal bond to support the construction of new hospitals ...
  2. Restricted Asset

    Money or other items of value received by or promised to an organization, ...
  3. Bond

    A debt investment in which an investor loans money to an entity ...
  4. Municipal Bond

    A debt security issued by a state, municipality or county to ...
  5. Private Purpose Bond

    A type of municipal bond that is issued to finance a project ...
  6. Revenue Bond

    A municipal bond supported by the revenue from a specific project, ...
Related Articles
  1. The Basics Of Municipal Bonds
    Bonds & Fixed Income

    The Basics Of Municipal Bonds

  2. Weighing The Tax Benefits Of Municipal ...
    Taxes

    Weighing The Tax Benefits Of Municipal ...

  3. Bond Basics Tutorial
    Retirement

    Bond Basics Tutorial

  4. Are Equity-Indexed Annuities Right For ...
    Savings

    Are Equity-Indexed Annuities Right For ...

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center