Friday, September 22nd 2017

Bond Anticipation Note


Bond Anticipation Note Meaning:
A short term bond issued before a planned later, larger bond issue.

Bond Anticipation Note Example:
Those seeking financing for a project might issue a bond anticipation note to cover initial expenses, then make a much larger issue of bonds 1-2 years later to fully fund the project and to repay holders of the bond anticipation notes.
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