HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Bonds » net revenue pledge

Net Revenue Pledge

Definition
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.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.