WHAT IS A REVENUE BOND?

What is a revenue bond, exactly? Imagine you want to build a big, fancy playground in your town, but you need money to do it. Imagine you want to build something really cool, like a new bridge, a sports stadium, or a water treatment plant, or even a new lake. These kinds of projects cost a lot of money, more than the government or organization has on hand. So, they need a way to get that money....