Revenue Anticipation Note

Revenue Anticipation Note

Revenue Anticipation Note means:
a short-term debt issue or note (RAN) of a municipal entity that is to be repaid out of anticipated revenues, such as sales taxes. When the taxes are collected, the RAN is paid off. Interest from the note is usually tax free to RAN holders.

See Indirect Tax in the U.S. Reference and Indirect Tax in the International reference.

See Sales tax in the U.S. Encyclopedia and Sales tax in the International Encyclopedia


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