Focus on the pronunciation of revenue anticipation note
English definition of “revenue anticipation note”
revenue anticipation note
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.