Revenue Anticipation Note (RAN)

Definition:

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

Ex-warrants

Describes a stock sale during the time in which the buyer of the stock is not entitled to the warrant accompanying the stock.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio