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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

RAN - Revenue Anticipation Note

Definition:

A form of a municipal bond. Very short-term. The municipality is borrowing money as a "bridge loan" until it completes a larger muni bond offering and part of the proceeds from the larger offering will be used to repay these notes.

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