| 释义 |
revenue anticipation note
noun[ C ]
ukus(abbreviationRAN); (alsotax anticipation note)
FINANCE, TAX
in the US, a type of bond used to get money for a public project, such as building a road or school. The bond is paid back with money received from users of the road, etc. when it is finished:
Last week California sold $8 million in revenue anticipation notes.
Examples of revenue anticipation note
revenue anticipation note
A revenueanticipationnote is an advance of 2016 town revenues that may not be collected until early 2017.
From Buffalo News
The town's credit is now so poor that when it attempted to sell a revenueanticipationnote last month, no investors were willing to buy it.
From Buffalo News
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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