Bank Anticipation Note

Business, Legal & Accounting Glossary

Definition: Bank Anticipation Note


Bank Anticipation Note

Quick Summary of Bank Anticipation Note


Notes that are typically issued by states and municipalities in order to obtain interim financing for projects that will eventually be funded long term through the sale of a bond issue. These notes are typically short term in their duration – with a typical maturity of one year or less – but not always. The proceeds are usually paid by the bond issue of a larger bond with a longer maturity.




Synonyms For Bank Anticipation Note


BAN


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December 02, 2021 https://payrollheaven.com/define/bank-anticipation-note/.
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Bank Anticipation Note. PayrollHeaven.com. Retrieved December 02, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/bank-anticipation-note/

Definition Sources


Definitions for Bank Anticipation Note are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 19th November, 2021 | 0 Views.