revenue anticipation note Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “revenue anticipation note” in the English Dictionary

"revenue anticipation note" in Business English

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revenue anticipation notenoun [C]

uk   us   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.
(Definition of revenue anticipation note from the Cambridge Business English Dictionary © Cambridge University Press)
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