Meaning of “revenue anticipation note” in the English Dictionary

business-english dictionary

"revenue anticipation note" in Business English

See all translations

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)