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Revenue Anticipation Note (RAN)

A short-term municipal debt issue that will be repaid with anticipated revenues, such as sales taxes, from the project.

Revenue Anticipation Note

A municipal bond, with a maturity of one year or less, that is repaid to bondholders with expected revenues from the project the RAN intends to finance. For example, a city may issue an RAN to finance improvements to the local museum. It expects to be able to pay back the bond with money raised on increased ticket sales at the museum after improvements are completed.


References in periodicals archive ?
Regal Approach 12 ran Record of first six home: 2 wins from 4 runs - African Gold, John's Gem = +6 Record of last six home: 0 win from 2 runs = +1 Total record: 2 wins from 6 runs (33%) for a profit of +PS3 to PS1 levels.
Four well-trained male runners ran backward and forward at eight different treadmill speeds while researchers measured VO2, as an indicator of metabolic rates and foot-ground contact.
The call starts with the single-side receiver and follows across, indicating the route each receiver should ran.
Since then he has logged more than 175,000 miles, run across the United States twice, ran a 12 country run from Scotland to the Rock of Gibraltar, a 2,153 mile run across China and 24 other countries promoting the spirit of friendship.