revenue anticipation note ( RAN)
A short-term note sold by a public entity that will be repaid from the proceeds of anticipated nontax income. American Banker Glossary
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( RAN)
A short-term municipal debt issue that will be repaid with anticipated revenues, such as sales taxes, from the project. Bloomberg Financial Dictionary
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revenue anticipation note UK US noun [C] (ABBREVIATION RAN, also tax anticipation note)
► FINANCE, TAX in the US, a type of bond used to get money for a public project, such as building a road or school. The bond is paid back with money received from users of the road, etc. when it is finished: »
Last week California sold $8 million in revenue anticipation notes.
Financial and business terms. 2012.