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)