A ______ bond is a bond issue whose proceeds will be used to pay for a project that will produce income.

A) government bond
B) corporate bond
C) revenue bond
D) general obligation bonds

Revenue bonds are issued to finance specific projects that generate income, which is then used to pay back the bondholders. Unlike general obligation bonds, which are repaid through general tax revenues, revenue bonds are repaid from the income generated by the project they finance.