TAN

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Tax Anticipation Note

A municipal bond, usually with a maturity of less than one year, issued on the assumption that the debt will be paid back on future tax revenue. Municipalities issue tax anticipation notes to provide cash for immediate or time sensitive needs. For example, a city may issue a bond to pay for school construction rather than wait for tax revenues to pay for it because either the school is desperately needed or construction can only occur in certain times of the year when the city is cash poor. At maturity, tax anticipation notes are paid with tax revenues in the months following the issue.

TAN

References in periodicals archive ?
3): holotype generally brown with darker scale margins; small blackish spot on upper rear edge of operculum; median fins brown to dark grey; dorsal fin with broad pale grey submarginal stripe; anal fin with pair of pale grey stripes across middle portion; pelvic and pectoral fins tannish to pale grey.
Colour or male holotype in alcohol: after more than two years of preservation, the colour pattern is remarkably similar to that described in the previous paragraph with the exception of a tan iris and tannish lower one-third of the body.
The latter is described as a "hardly-hopped dark wheat treat with a nose of banana and spice, it looks to Bavarian Dunkelweizens for the inspiration behind its thick head, unfiltered tannish tones, creamy fullness, and light refreshing finish.