encyclopedia

REVENUE ANTICIPATION NOTE

A short-term debt security issued on the premise that future revenues will be sufficient to meet repayment obligations.

REVENUE HOURS

Time a bus or train is operating in revenue service, that is, time transporting revenue passengers. It includes layover time, but excludes pull-out, pull-in and off-route between two different lines. Compares with following measures: Total vehicle hours – Includes all…

REVENUE MILES

Miles, or Revenue Kilometers, operated by vehicles in passenger service. (TRB)

REVENUE OPERATING DATE

Upon completion of the planning, design and construction or configuration of a mass transit project, a period of time is allocated for system safety testing and operation preparation. The Revenue Operating Date indicates the date of system readiness for passenger…

REVENUE OPERATIONS

Movements of vehicles and operation of associated apparatus for the purpose of carrying passengers in scheduled service, including the movements of vehicles to and from regular storage locations, but not including service, inspection, maintenance and emergency operations.

REVENUE OPERATIONS DATA

Creates a direct linkage between operations and profitability based on credible and timely cross-functional data correlation. It also brings together, in a synergistic manner, formally disparate assurance, audit and governance functions and enables an operations infrastructure that monitors and controls…

REVENUE SEAT MILE

Also known as Revenue Seat Kilometer. The movement of one transit passenger over 1 mile (kilometer). In other words, the total number of revenue seat miles (kilometers) for a vehicle is obtained by multiplying the number of revenue seats in…

REVENUE SERVICE HOURS

Total number of scheduled hours that a bus or train is in service. This total excludes hours spent traveling to and from storage facilities and during other non-service travel. Also referred to as Revenue Vehicle Service Hours (RVSH).