A municipal bond provision whereby it is required that the municipality issuing the bond use net revenues from the specific project that is being financed in order to pay the debt service costs of the issue first. This pledge helps to make the bond issue less risky for the bond holders.
Related information about net revenue pledge:
- Net Revenue Pledge Definition | Investopedia
A provision in a municipal bond issue that requires the issuing municipality to use net revenues (revenues left after expenses) from the project being financed to ...
- Net Revenue Pledge - Financial Dictionary - The Free Dictionary
A provision in some municipal bonds requiring the issuer to use the revenue the bond raises after expenses to pay for the debt service. For example, if a bond ...
- Net Revenue Pledge Definition & Example | InvestingAnswers
We explain the definition of Net Revenue Pledge, provide a clear example of how it works and explain why it's an important concept in business, finance ...
- Pledged revenues - Municipal Securities Rulemaking Board
Net Pledge or Net Revenue Pledge – A pledge that net revenues will be used for payment of debt service. See: NET REVENUES. Terms and Conditions ...
- Net Revenue Pledge: Definition from Answers.com
Net Revenue Pledge A provision in a municipal bond issue that requires the issuing municipality to use net revenues (revenues left after expenses)
- What is net revenue pledge? definition and meaning
Definition of net revenue pledge: A municipal bond provision whereby it is required that the municipality issuing the bond use net revenues from the specific ...
- What is Net Revenue Pledge? - Definition from Testopedia
Net Revenue Pledge Definition - Net Revenue Pledge is a pledge from a revenue bond that pays maintenance and operation expenses first, then debt...
- * Net Revenue - (Stock market): Definition
Net revenue pledge: In a municipal revenue bond, a provision in the trust indenture stating that revenues will first be used to pay the operating and maintenance ...