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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 very short-term muni bond.

Example

The municipality has plans to launch a muni bond offering. But they need cash now, so the RAN covers them until that larger offering is made. The money from the larger offering then pays for the shorter-term bond.