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单词 Construction Loan Note (CLN)
释义

Construction Loan Note (CLN)
A short-term obligation in the form of a note, used for the funding of construction projects such as housing developments. In most cases, the note issuers will repay the note obligation by issuing a longer term bond and using the proceeds from the bond to pay back the note.

Investopedia Says:
This type of financing is most often seen at the municipal level: for example, a large city might use a construction loan note to finance a large housing project to meet the demands of its growing population.

Related Terms:
Bond
Bond Anticipation Note - BAN
Combination Loan
Municipal Bond
Note
Obligation
Revenue Anticipation Note - RAN
Short Term
Tax Anticipation Note - TAN

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更新时间:2025/1/22 19:02:41