Course 209: Revenue Bonds
Revenue Bonds Finance Revenue-Paying Projects
In this course
1 Introduction
2 What Are Revenue Bonds?
3 Revenue Bond Security
4 Types of Revenue Bonds
5 Revenue Bonds Finance Revenue-Paying Projects

Revenue bonds are municipal bonds that are collateralized by revenue produced by the projects they fund. Because they are not backed by the full faith and credit of a municipality, the way general obligation bonds are, they carry a somewhat higher default risk, but pay higher yields in return. To evaluate a revenue bond, it is important to understand the type and cash flow of the project that will be providing the revenue.

For more information on municipal bonds in general, and about their tax advantages, consult Investing Classroom's other bond courses.

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