© 2016 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Tax Anticipation Notes


How can you not anticipate paying taxes?

Tax anticipation notes rely on the fact that the city will collect $X in taxes so many months from now. They issue bonds today using that expected tax money as collateral so that they can pay for stuff today.