Bond Anticipation Note (BAN)
A short-term interest-bearing security issued in the anticipation of larger future bond issues. Investopedia Says:
Bond anticipation notes are smaller short-term bonds issued by governments and corporations. Knowing that the proceeds of the larger future issue will cover the anticipation notes, the issuing bodies use the notes as short-term financing. Related Terms:
Bond
Construction Loan Note - CLN
Creditor
Debt
Debt Financing
Equity Financing
Project Finance
Revenue Anticipation Note - RAN
Tax Anticipation Note - TAN |