special tax bond

A municipal bond secured by taxes levied for a specific governmental purpose, usu. improvements.

— Also termed special-assessment bond. [Cases: Municipal Corporations 950. C.J.S. Municipal Corporations §§ 1708–1709.]

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词条贡献者

译者Carl，知名法学院保险学专业，擅长翻译各种与保险理赔追索相关的法律文件。