revenue anticipation note Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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 ​publicproject, 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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