Toll Revenue Bond

Nestle cookies come to mind, but...no. Alas, they have nothing to do with this bond.

A toll bridge (or tunnel or other throughfare) is one which collects a few bucks from drivers who want to use its throughway. Those tolls are usually pretty predictable, as commuter traffic doesn't vary all that much from year to year. So...given its predictability and the likelihood of more traffic in the future (and not less), banks and other investors are all too happy to lend money to toll bridges.

For that reason, toll revenue bonds get floated all the time. They're backed up by the tolls themselves, and are floated to make repairs on the current bridge, to add a lane or three, or another deck, or to build a new bridge to snarf off some of the traffic crowding the bridge 15 miles away.

Safe. Predictable. Low-interest.

See: Muni Bond.