Bond Anticipation Note - BAN

Bond Anticipation Note - BAN

A short-term interest-bearing security issued in the anticipation of larger future bond issues.

Notes:

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.

See also: Bond, Construction Loan Note - CLN, Creditor, Debt, Debt Financing, Equity Financing, Project Finance, Revenue Anticipation Note - RAN, Tax Anticipation Note - TAN