Revenue Anticipation Note - RAN
What Does Revenue Anticipation Note - RAN Mean?
A short-term debt security issued on the premise that future revenues will be sufficient to meet repayment obligations.
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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