Economic appraisal is a method of capital budgeting that uses discounted cash flow techniques to determine the preferred investment by discounting the expected annual economic costs and benefits over the project's life. This method is particularly used for assessing governmental or quasi-governmental projects such as road, railway, and port developments.
A type of municipal bond issued to finance revenue-generating projects and repaid with the revenues produced by those projects, such as toll bridges, highways, educational facilities, hospitals, sewer systems, stadiums, or other public facilities.
Revenue bonds are municipal bonds where the repayment of the principal and interest is secured by the revenue generated from the specific project they finance, such as toll bridges or utilities.
Urban Sprawl is a pejorative term for low-density development in suburban and the fringe of urban areas. It is characterized by distance from employment and commercial centers, dependence on automobile travel, and extended public infrastructure.
