anticipation note


anticipation note
Discount or rebate for prepayment

Black's law dictionary. . 1990.

Look at other dictionaries:

  • Anticipation Note — A short term obligation that is issued for temporary financing needs by a municipality. The principal payoff may be covered by a future longer term bond issue, taxes or other form of revenue. These notes normally have maturities of one year or… …   Investment dictionary

  • anticipation note — Fin a bond that a borrower intends to pay off with money from taxes due or money to be borrowed in a later and larger transaction …   The ultimate business dictionary

  • Tax Anticipation Note - TAN — A short term debt security issued by a state or local government to finance an immediate project that will be repaid with future tax collections. State and local governments use tax anticipation notes to borrow money, typically for one year or… …   Investment dictionary

  • 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 ( RAN) A short term municipal debt issue that will be repaid with anticipated revenues, such as sales… …   Financial and business terms

  • tax anticipation note — UK US noun [C] (ABBREVIATION TAN) TAX ► REVENUE ANTICIPATION NOTE(Cf. ↑revenue anticipation note) …   Financial and business terms

  • tax anticipation note — see note Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • bond anticipation note — ( BAN) A short term note sold by a public entity that will be repaid from the proceeds of an anticipated bond issue. American Banker Glossary BAN A short term debt instrument issued by a state or municipality to borrow against the proceeds of an… …   Financial and business terms

  • tax anticipation note — (TAN) Short term obligations issued by state or local governments to finance current expenditures. TANs generally mature once individual and corporate taxes are received by the local government …   Black's law dictionary

  • Bond Anticipation Note - BAN — A short term interest bearing security issued in the anticipation of larger future bond issues. Bond anticipation notes are smaller short term bonds issued by governments and corporations. Knowing that the proceeds of the larger future issue will …   Investment dictionary

  • tax anticipation note — A note issued by a public body, payable only out of a special fund, in anticipation of tax collections creating or replenishing the fund. 43 Am J1st Pub Sec § 13 …   Ballentine's law dictionary


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