improvement bond

improvement bond
A bond issued by a municipality or other public body to be paid from no source other than an improvement fund. Manker v American Sav. Bank & Trust Co. 131 Wash 430, 230 P 406, 42 ALR 1021. An obligation of an improvement district payable only from the fund provided by special assessment. Northern Trust Co. v Wilmette, 220 111 417, 77 NE 169.

Ballentine's law dictionary. . 1998.

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  • improvement bonds — See bond …   Black's law dictionary

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