utility revenue bond
- noun
- Specialized
:
bono de ingresos de servicios públicos
- The city council approved a utility revenue bond to finance the new water treatment plant.
Examples
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Investors were attracted to the utility revenue bond because the repayments were backed by steady electricity sales.
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Without the utility revenue bond, the expansion of the public transit system would not have been possible.
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The city issued a utility revenue bond for water system upgrades.
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Investors are interested in utility revenue bonds for stable returns.
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The city council approved a utility revenue bond to finance the new water treatment plant.
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Investors were attracted to the utility revenue bond because the repayments were backed by steady electricity sales.
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Without the utility revenue bond, the expansion of the public transit system would not have been possible.
Synonyms
2
5.3
A way to raise money for a public project paid back from the money the project earns
Money a government or city borrows to pay for public services like water and electricity
Surface Forms
Morphology
The meaning is compositionally derivable from 'utility' (public service) + 'revenue' (receipts) + 'bond' (debt instrument): it denotes a bond repaid from the revenues of a utility. This noun-compound follows regular, cross-linguistic financial naming patterns, so a B1 learner who knows the constituent words can reasonably infer the meaning despite its technical context.
Etymology
Utility revenue bond comes from a simple money picture: a city sells a bond to pay for a public utility like water or electricity, and promises to repay it from the revenue, which is the money customers pay. That's why the term means a loan for a public service that is 'paid back' from the utility's 'income'.