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from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A bond issued by an agency commissioned to finance the building or improving of a public property, such as a bridge or toll road, the revenue from which will pay for the bond.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. a bond issued by an agency that is commissioned to finance public works; revenue from the public property is used to pay off the bond


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