hospital revenue bond Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: hospital revenue bond
hospital revenue bond

bond issued by a municipal or state agency to finance construction of a hospital or nursing home. The latter is then operated under lease by a not-for-profit organization or a for-profit corporation such as Columbia/ HCA. Ahospital revenue bond, which is a variation on the Industrial Development Bond , is tax exempt, but there may be limits to the exemption.

See also revenue bond
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