industrial revenue bond -- a financing technique in which a municipality or its development corporation issues bonds to finance revenue-producing projects. Revenue thus generated is used to pay the debt service on the bonds.
Michael Rodriguez is a seasoned investment strategist with over 20 years of experience in equity research and portfolio management. He has worked with major financial institutions including Goldman Sachs and Fidelity Investments. Michael specializes in value investing and helping investors understand market dynamics. He holds an MBA from Columbia Business School and is a Chartered Financial Analyst.