Revenue Anticipation Note (RAN)


A short-term municipal debt issue that will be repaid with anticipated revenues, such as sales taxes, from the project.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Lehman Brothers Mortgage-Backed Securities Index

A benchmark index that includes 15- and 30-year fixed-rate securities backed by mortgage pools of the Government National Mortgage Association (GNMA), Federal Home Loan Mortgage Corporation (FHLMC)... Read More

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