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Construction Loan Note |
Also found in: Acronyms | 0.03 sec. |
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Construction Loan Note A short-term note ? usually issued by a municipality ? used to finance a construction project. Most of the time, a municipality issues a construction loan note in order to build houses or other infrastructure to keep up with rising population growth. Construction loan notes mature in a year or less, and municipalities often issue long-term bonds in order to pay them off. See also: IDC, Bond Anticipation Note. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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