Anticipation Note

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Dictionary Says

Definition of 'Anticipation Note'

A short-term obligation that is issued for temporary financing needs by a municipality. The principal payoff may be covered by a future longer-term bond issue, taxes or other form of revenue. These notes normally have maturities of one year or less and interest is payable at maturity rather than semi-annually.

Investopedia Says

Investopedia explains 'Anticipation Note'

Anticipation notes are used to meet the short-term cash flow needs of cities or states and provide a way to manage the timing mismatch between their revenues and expenses. There are four different types of anticipation notes:

1. Tax anticipation notes (TANs), used in anticipation of future tax collections
2. Revenue anticipation notes (RANs), issued with the anticipation that non-tax revenue (such as state aid) will pay the debt
3. Tax and revenue anticipation notes (TRANs), which are paid off with a combination of taxes and revenue
4. Bond anticipation notes (BANs), which function as bridge loans and are issued when the municipality expects a future longer-term bond issuance to pay off the note at maturity
Search results for

'Anticipation Note'

  • Municipal Bond Tips For The Series 7 Exam

    http://www.investopedia.com/articles/professionaleducation/07/Series_7_municipal.asp
    ... Note: PHA/NHA bonds are not double-barreled bonds ... The major types of municipal notes
    are: Tax Anticipation Notes (TAN) - These are issued to smooth out a city's ...

  • Nucor Adds A Note Of Caution To The Season

    http://stocks.investopedia.com/stock-analysis/2010/Nucor-Adds-A-Note-Of-Caution-To-The-Season-NUE-STLD-MT-CAT-UTX-WHR1022.aspx
    ... Nucor Adds A Note Of Caution To The Season. ... non-residential construction will rebound,
    and Nucor's stock will likely begin to move up in anticipation of that ...

  • Series 6 Study Guide - Investment Securities - Treasury Bills ...

    http://www.investopedia.com/exam-guide/finra-series-6/investment-securities/treasury-bills.asp
    ... large city might use a construction loan note to finance a large housing project
    to meet the demands of its growing population. Revenue anticipation notes (RANs ...

  • Rolling LEAP Options

    http://www.investopedia.com/articles/optioninvestor/07/rolling_leaps.asp
    ... These options are known as LEAP (Long-Term Equity Anticipation Securities) options. ...
    Note that a $1 increase in the underlying security will not immediately ...

  • A Winning Memory-Of-Price Strategy Variation

    http://www.investopedia.com/articles/forex/08/memory-price-variation.asp
    ... on spike moves in a currency by carefully scaling into the trade in anticipation
    of a ... for the Long Trade 1. On the daily or the hourly charts, note a retrace ...

  • Series 7 Study Guide - Debt Securities - Government Debt ...

    http://www.investopedia.com/exam-guide/series-7/debt-securities/government-debt.asp
    ... 8.13 Other Options Strategies; 8.14 Long Term Equity Anticipation Securities (LEAPS); ...
    T-bill auctions are held weekly; T-note auctions are held every month for two ...

  • Forex: The Memory Of Price Strategy

    http://www.investopedia.com/articles/forex/08/memory-price.asp
    ... of these spike moves in currencies by carefully scaling into the trade in anticipation
    of a ... Note when this up move makes a retrace on the daily or hourly charts ...

  • Series 7 Study Guide - Debt Securities - Treasury Bonds ...

    http://www.investopedia.com/exam-guide/series-7/debt-securities/treasury-bond.asp
    ... 8.13 Other Options Strategies; 8.14 Long Term Equity Anticipation Securities (LEAPS); ...
    T-note, 2-10 yrs, Tax-exempt, Non-exempt, $1,000, yield, yes. ...

  • EVA: Calculating NOPAT | Investopedia

    http://www.investopedia.com/university/EVA/EVA2.asp
    ... of) cash; it reflects a decision to acknowledge additional expenses in anticipation
    of future ... (Note: this is going to be the debt equivalent that we put back ...

  • China's Real Estate Bubble - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0711/Chinas-Real-Estate-Bubble.aspx
    ... cut its outlook on Chinese developers from "stable" to "negative" in anticipation
    of a ... Of note, the overall GDP data coming out of China is highly questionable ...

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