Which of the following is NOT a characteristic of Revenue Bonds?

Revenue bonds are a type of debt instrument where the repayment is secured by the revenues generated from specific projects or services. The key characteristics of revenue bonds include being secured by user fees or specific revenue streams associated with the project they finance. This could include tolls from a bridge, utility fees, or ticket sales from a transit system. Their usage is typically targeted toward projects that generate these specific revenues, often serving distinct user groups that benefit from the services financed.

The statement about backing revenue bonds with the full faith and credit of the government is not characteristic of this type of bond. Instead, such bonds are not considered to carry the same backing as general obligation bonds, which are secured by the overall credit and taxing power of the issuing government. Therefore, the notion that revenue bonds are backed by the full faith and credit of the government is incorrect, making that the distinguishing feature from the other choices presented.