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 cover the anticipation notes, the issuing bodies use the notes as short-term financing.

Investment dictionary. . 2012.

Look at other dictionaries:

  • bond anticipation note — Fin a loan that a government agency receives to provide capital that will be repaid from the proceeds of bonds that the agency will issue later …   The ultimate business dictionary

  • 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

  • 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 - 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

  • bond — Synonyms and related words: Fannie Mae, Federal Agency bond, Ginnie Mae, Oregon boat, Series E bond, Series H bond, accident insurance, accord, accouple, accumulate, actuary, addition, adherence, adhesion, adhesive, adjunct, adjustment bond,… …   Moby Thesaurus

  • Note — Debt instruments with initial maturities greater than one year and less than 10 years. The New York Times Financial Glossary * * * ▪ I. note note 1 [nəʊt ǁ noʊt] noun 1. [countable] BANKING a piece of printed paper that is used as money; …   Financial and business terms

  • note — debt instruments with initial maturities ( maturity) longer than one year and shorter than 10 years. Bloomberg Financial Dictionary * * * ▪ I. note note 1 [nəʊt ǁ noʊt] noun 1. [countable] BANKING a piece of printed paper that is …   Financial and business terms

  • Bond insurance — (also known as financial guaranty insurance ) is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or… …   Wikipedia

  • tax and revenue anticipation notes — ( TRAN) Short term notes sold by a public entity that will be repaid from the proceeds of anticipated tax and/or fee collections. Also see tax anticipation notes and bond anticipation note …   Financial and business terms

  • Municipal bond — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.