A covenant in a municipal revenue bond that specifies how it will be determined what rates to charge to users of the facility the bond is financing.
Related information about rate covenant:
- Rate Covenant - Financial Dictionary - The Free Dictionary
A provision governing a municipal revenue project financed by a revenue bond issue, which establishes the rates to be charged users of the new facility.
- What is rate covenant? definition and meaning
Definition of rate covenant: A covenant in a municipal revenue bond that specifies how it will be determined what rates to charge to users of the facility the bond ...
- rate covenant - Invest Definition
rate covenant definition: A provision for a municipal revenue bond issue that sets requirements for charging revenue on the facility that is being financed by the ...
- Rate Covenant: Definition from Answers.com
provision in municipal revenue bond agreements or resolutions covering the rates, or methods of establishing rates, to be charged users of the facility.
- Rate covenant Definition - NASDAQ.com
Rate covenant: read the definition of Rate covenant and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
- rate covenant
A covenant in a municipal revenue bond that specifies how it will be determined...
- Municipal Bond Tips For The Series 7 Exam
Jul 1, 2008 ... Rate Covenant, The issuer assures bondholders that user fees will be raised, as necessary, to assure coverage of debt service and expenses.
- Austin-Bergstrom International Airport Master Plan Update
Requirements for the Prior Lien Bonds for such Fiscal Year. Depicted in the financial results at the end of this appendix is the rate covenant calculation that ...