A tax-exempt bond issued by a city, state, country, or airport authority, which is guaranteed based on general revenues of the airport or leasing payments made by an airline to rent a facility. These types of bonds are issued when the airport is seeking money to fund an expansion or help maintain current operations. Payment for airport revenue bonds may also be contingent on the well-being of privately held companies. This type of backing poses a risk for investors because if the company runs into financial hardships, the investors may not be able to recoup funds invested.
Related information about airport revenue bond:
- Airport Revenue Bond Definition | Investopedia
A bond issued by a municipality or airport authority that uses the revenues of the airport facility to back the bond. An airport revenue bond is tax-exempt and is ...
- Airport Revenue Bond: Definition from Answers.com
tax-exempt bond issued by a city, county, state, or airport authority to support the expansion and operations of an airport.
- Airport Revenue Bond - Financial Dictionary - The Free Dictionary
A municipal bond used to construct or expand an airport. The bond is secured by the revenue the airport receives in the course of its operations, or by the ...
- What is airport revenue bond? definition and meaning
Definition of airport revenue bond: A tax-exempt bond issued by a city, state, country, or airport authority, which is guaranteed based on general revenues of the ...
- airport revenue bond - Invest Definition
airport revenue bond definition: Tax-exempt debt issued by a city, county, state, or airport authority with debt service guaranteed either by general revenues ...
- Chicago O'Hare International Airport : revenue bond improvement ...
Chicago O'Hare International Airport : revenue bond improvement program (1962 ). Author: Charles F. Murphy (Firm) Subject: Chicago O'Hare International ...
- Moody's Downgrades Chicago O'Hare Airport's Revenue Bond
Jul 20, 2012 ... Moody s Investors Service has downgraded to A2 from A1 the City of Chicago O Hare International Airport s third lien general airport revenue ...
- BRIEF-Moody's downgrades rating of Pensacola's outstanding ...
Jun 6, 2012 ... BRIEF-Moody's downgrades rating of Pensacola's outstanding airport revenue bond debt to Baa1; Outlook is stable ...