Understanding the key differences between Moral Obligation Bonds and Revenue Bonds, including definitions, types, special considerations, and examples.
Revenue bonds are loans where the principal and interest are payable from the earnings of the project financed by the loan. They are commonly issued in the USA by municipalities to finance projects like toll bridges.
A Municipal Revenue Bond is a bond issued by a municipality to finance public works such as bridges, tunnels, or sewer systems, and is supported directly by the revenues generated from these projects.
In-depth explanation of General Obligation (GO) Bonds, their types, differences with Revenue Bonds, and essential considerations.
