Bank anticipation notes

Bank anticipation notes (BAN)

Notes issued by states and municipalities to obtain interim financing for projects that will eventually be funded long term through the sale of a bond issue.

Bank Anticipation Note

A short-term note usually, but not always, issued by a municipality and used to finance some project. Bank anticipation notes are often issued with a maturity of one year or less; the proceeds are paid by the issue of a larger bond with a longer maturity. A construction loan note, in which a city finances private construction, is an example of a bank anticipation note. See also: IDC, RAN.

单词	bank anticipation notes
释义	DictionarySeebanMedicalSeeBAN Bank anticipation notes Bank anticipation notes (BAN) Notes issued by states and municipalities to obtain interim financing for projects that will eventually be funded long term through the sale of a bond issue. Bank Anticipation Note A short-term note usually, but not always, issued by a municipality and used to finance some project. Bank anticipation notes are often issued with a maturity of one year or less; the proceeds are paid by the issue of a larger bond with a longer maturity. A construction loan note, in which a city finances private construction, is an example of a bank anticipation note. See also: IDC, RAN.
随便看	marketaxess holdings inc market-based market based accounting research market based corporate governance system market-based corporate governance system market-based economy market based forecasting market-based forecasting market-based instrument market based management market-based mechanism market-based rate market-based rate authority market-based rate of return market based transfer price market basket market basket measure market baskets market beater market bell market-book ratio market bottom market bottoms market breadth market break