Revenue Anticipation Note

Also found in: Dictionary, Encyclopedia.
Related to Revenue Anticipation Note: Grant Anticipation Notes, Bond Anticipation Notes

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.

revenue anticipation note (RAN)

A short-term municipal obligation with repayment to be made from a revenue source other than taxes.
Mentioned in ?
References in periodicals archive ?
The City may also issue additional short-term debt instruments, including revenue anticipation notes, lines of credit and commercial paper.
Through this Request for Qualifications ( RFQ ) process, the City Attorney s Office of the City of San Jose (the City ) is seeking to establish a pool of qualified law firms to provide bond counsel and disclosure counsel services in connection with the issuance of various types of municipal bonds and other indebtedness, including without limitation, general obligation bonds, tax and revenue anticipation notes and/or bonds, lease revenue bonds, certificates of participation, commercial paper notes, special assessment bonds, multi-family housing bonds and community facility district (Mello-Roos) special tax bonds by or on behalf of the City.