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special purpose bond
spe·cial pur·pose bond (plural spe·cial pur·pose bonds)


noun 
Definition:
 
municipal bond beneficial to tax-payers: a municipal bond for a project that benefits those who are taxed to repay it
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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