reserve for revenue bond debt service

简明释义

收入担保债券还本付息准备

英英释义

例句

1.A well-managed reserve for revenue bond debt service can enhance the credit rating of a municipality.

良好管理的收入债券债务服务准备金可以提升市政当局的信用评级。

2.The accountant recommended increasing the reserve for revenue bond debt service to cover potential shortfalls.

会计建议增加收入债券债务服务准备金以弥补潜在的短缺。

3.The city council decided to set aside funds in a reserve for revenue bond debt service to ensure timely payments on the bonds.

市议会决定拨出资金作为收入债券债务服务准备金，以确保按时支付债券。

4.The financial report highlighted the importance of maintaining a healthy reserve for revenue bond debt service for future projects.

财务报告强调了保持健康的收入债券债务服务准备金对未来项目的重要性。

5.Investors often look for municipalities that have a strong reserve for revenue bond debt service to minimize risk.

投资者通常寻找拥有强大收入债券债务服务准备金的市政当局，以降低风险。

作文

In the world of finance and public infrastructure, the term reserve for revenue bond debt service plays a crucial role in ensuring that projects are funded and maintained effectively. To fully understand this term, we must first break it down into its components. A revenue bond is a type of municipal bond that is secured by the revenue generated from a specific project, such as a toll road, a water treatment facility, or a public transportation system. Unlike general obligation bonds, which are backed by the full faith and credit of the issuing municipality, revenue bonds rely solely on the income produced by the project they finance.The purpose of a reserve for revenue bond debt service is to safeguard the funds necessary to meet the debt obligations associated with these bonds. Debt service refers to the cash required to cover the repayment of principal and interest on borrowed funds. In the case of revenue bonds, the issuer must ensure that there is a reliable source of revenue to make these payments on time. The reserve acts as a financial cushion, providing assurance to bondholders that the project will generate sufficient income to meet its obligations.Establishing a reserve for revenue bond debt service is essential for several reasons. Firstly, it enhances the creditworthiness of the bond issue. Investors are more likely to purchase revenue bonds if they know there is a dedicated reserve set aside to cover debt service. This can lead to lower interest rates for the issuer, ultimately reducing the overall cost of borrowing. Secondly, having a reserve helps to mitigate risks associated with fluctuations in revenue. For instance, if a toll road experiences a decrease in traffic due to economic downturns, the reserve can help ensure that debt service payments continue uninterrupted.Moreover, the management of the reserve for revenue bond debt service requires careful planning and oversight. Municipalities must regularly assess their revenue projections and adjust their reserves accordingly. This might involve setting aside a certain percentage of revenue each year or creating a dedicated fund that accumulates over time. Effective management of the reserve not only protects bondholders but also supports the long-term sustainability of the project.In conclusion, the concept of reserve for revenue bond debt service is vital in the realm of public finance. It serves as a protective measure for investors while ensuring that essential services and infrastructure projects remain funded and operational. By understanding this term and its implications, stakeholders can make informed decisions that promote financial stability and responsible governance. As cities and municipalities continue to invest in infrastructure, the importance of maintaining adequate reserves for debt service will only grow, highlighting the need for transparent and accountable financial practices in public finance.

在金融和公共基础设施的世界中，术语为收入债券债务服务保留在确保项目有效资助和维护方面发挥着至关重要的作用。要充分理解这个术语，我们必须首先将其分解成几个组成部分。收入债券是一种市政债券，其由特定项目产生的收入担保，例如收费公路、水处理设施或公共交通系统。与由发行市政当局的全部信贷和信用支持的普通义务债券不同，收入债券仅依赖于其融资的项目所产生的收入。为收入债券债务服务保留的目的是保护满足与这些债券相关的债务义务所需的资金。债务服务是指支付本金和利息所需的现金。在收入债券的情况下，发行人必须确保有可靠的收入来源来按时进行这些支付。储备充当财务缓冲，为债权人提供保证，确保项目将产生足够的收入来履行其义务。建立为收入债券债务服务保留对多个原因至关重要。首先，它增强了债券发行的信用度。如果投资者知道有专门的储备用于覆盖债务服务，他们更有可能购买收入债券。这可能导致发行人的利率降低，从而减少整体借款成本。其次，拥有储备有助于减轻与收入波动相关的风险。例如，如果收费公路由于经济衰退而流量减少，储备可以帮助确保债务服务支付不受影响。此外，为收入债券债务服务保留的管理需要仔细规划和监督。市政当局必须定期评估其收入预测，并相应调整其储备。这可能涉及每年预留一定百分比的收入或创建一个逐渐积累的专用基金。有效管理储备不仅保护债权人，还支持项目的长期可持续性。总之，为收入债券债务服务保留的概念在公共金融领域至关重要。它作为投资者的保护措施，同时确保基本服务和基础设施项目保持资助和运营。通过理解这个术语及其含义，各利益相关者可以做出明智的决策，促进财务稳定和负责任的治理。随着城市和市政当局继续投资基础设施，维持充足的债务服务储备的重要性只会增加，突显了在公共金融中需要透明和负责任的财务实践。