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Bond Anticipation Note - BAN
What Does Bond Anticipation Note - BAN Mean? A short-term interest-bearing security issued in the anticipation of larger future bond issues.
Investopedia explains Bond Anticipation Note - BAN 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.
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