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

Thrift institution

An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions.

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