| Webster's Online Dictionary |
| Expressions | Domain | Definition | |
| Industrial revenue bond | Finance | A financing technique in which a municipality or its development corporation issues bonds to finance revenue-producing projects. Revenue thus generated is used to pay the debt service on the bonds. (references) | |
| Industrial revenue bond (IRB) | Business | A tax-exempt bond issued by a state or local government agency to finance industrial or commercial projects that serve a public good. The bond usually is not backed by the full faith and credit of the government that issues it, but is repaid solely from the revenues of the project and requires a private sector commitment for repayment. (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
