bond anticipation note (BAN) investment & finance definition
A short-term municipal security that has its principal repaid from the proceeds of a long-term municipal bond issue that is sold at a later date.
Bond anticipation note - some related terms:
Nick Name:
Website?
(Optional) ...
Bond anticipation notes are an excellent means of acquiring short term financing that will later be repaid by the issuance of bonds, with a portion of the proceeds gained from the sale of the bonds going to settle the notes.
Bond anticipation notes (BANs) - Notes issued by a governmental unit, usually for capital projects, that are paid from the proceeds of the issuance of long-term bonds.
Commercial paper (CP) - See: COMMERCIAL PAPER.
Bond Anticipation Note (BAN)
A short term security issued by a municipality. Payment of the note at maturity will be accomplished with the proceeds of a bond issue.
Bond covenant ...
bond anticipation note (BAN)
A note issued in anticipation of later issuance of bonds, usually payable from the proceeds of the sale of the bonds or of renewal notes. BANs can also be general obligations of the issuer.
bond bank ...
Bond Anticipation Note: A short-term municipal note issued in advance of long-term bond financing, commonly referred to as a BAN. The BAN is repaid from the proceeds of the bond issue. BANs are normally general obligations of the issuer.
Bond anticipation note (BAN)
A short-term debt instrument issued by a state or municipality to borrow against the proceeds of an upcoming bond issue.
Bond broker
A broker on the floor of an exchange who trades bonds.
Bond Anticipation Note: A bond anticipation note is a short-term debt instrument issued by a state or municipality that will be paid off with the proceeds of an upcoming bond issue.
BAN (Bond Anticipation Note)
A short-term debt instrument that is issued by a municipality or a state. At maturity, the debt is paid from the proceeds of a new bond issue.
bond anticipation note Short term bond which will be paid off with the proceeds from a subsequent,... Bond Buyer A daily publication containing key bond market statistics.
 See also: Bond, Short, Fund, Issue, Bonds
|
