TOLL REVENUE Meaning and
Definition
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Toll revenue refers to the income or funds generated from the collection of tolls, which are charges or fees levied on individuals or vehicles that use a particular infrastructure or transportation system. Usually implemented on roads, bridges, tunnels, or highways, tolls are imposed to cover the costs of construction, maintenance, and operation of these facilities.
The collection of toll revenue is typically managed by a toll authority or agency responsible for ensuring the efficient collection and utilization of these funds. Toll booths or toll collection points are set up along the designated toll roads, and motorists are required to pay the necessary toll amount to access and use the infrastructure being provided.
The toll revenue collected serves as a crucial source of funding for various infrastructure improvements and developments, including the repair or expansion of existing roads and bridges, the construction of new transportation systems, and the enhancement of overall transportation infrastructure. These funds enable governments or private entities to finance ongoing maintenance, rehabilitation, and enhancements, contributing to improved transportation services and road safety.
In addition to funding infrastructure improvements, toll revenue might also be used to repay the initial investment or debt incurred in constructing or acquiring toll facilities. The specific allocation and management of toll revenue vary based on local regulations, agreements, and the needs of the toll authority or agency responsible for its collection.
Common Misspellings for TOLL REVENUE
- roll revenue
- foll revenue
- goll revenue
- yoll revenue
- 6oll revenue
- 5oll revenue
- till revenue
- tkll revenue
- tlll revenue
- tpll revenue
- t0ll revenue
- t9ll revenue
- tokl revenue
- topl revenue
- tool revenue
- tolk revenue
- tolp revenue
- tolo revenue
- toll eevenue
- toll devenue
Etymology of TOLL REVENUE
The etymology of the word "toll" can be traced back to Old English "toll" or "tol", which meant a tax or charge. It originated from the Proto-Germanic root "*tolan", indicating a payment or compensation. The Old English word "toll" had various meanings related to taxation or payment, such as a payment for passage on a road or a fee levied by a lord.
The word "revenue" comes from the Old French word "revenue", which means "income" or "return". It originated from the Latin word "revenire", which was a combination of "re-" (back) and "venire" (to come). "Revenire" meant "to come back" or "to return", and in the context of finance, it referred to the income or returns that came back to a person or entity.
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