Revenue Anticipation Note - RAN
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Definition of 'Revenue Anticipation Note - RAN'
A short-term debt security issued on the premise that future revenues will be sufficient to meet repayment obligations.
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Investopedia explains 'Revenue Anticipation Note - RAN'
RANs are generally used to generate immediate investment capital to begin a large project. These securities are repaid with future expected revenues from the completed project, which may come from sources like turnpike tolls or stadium ticket sales.
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Search results for 'Revenue Anticipation Note (RAN)'
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http://www.investopedia.com/articles/professionaleducation/07/Series_7_municipal.asp
... Note: PHA/NHA bonds are not double-barreled bonds. Municipal ... periods. Revenue
Anticipation Notes (RAN) - These are similar to TANs. Bond ...
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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 ...
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