What is another word for utility bond?
Pronunciation: [juːtˈɪlɪti bˈɒnd] (IPA) 
A utility bond is a type of financial security that is issued to finance public utilities such as water infrastructure, electricity, sewage as well as natural gas plants, and used to ensure the completion of projects and the payment of associated costs. Some synonyms for utility bonds include public utility bonds, infrastructure bonds, municipal bonds, project bonds, essential service bonds, and revenue bonds. Public utility bonds and municipal bonds are the most commonly used alternatives for utility bonds. Oftentimes, the terms bond and security are used interchangeably to refer to instruments of an investment which are accompanied by a fixed income payout to the investor who holds them.
