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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Tax Anticipation Notes

Definition:

Tax anticipation notes or tans use the collateral of a tax which a city knows it is due to collect n months from now; they issue bonds today in anticipation of that tax collection so that they have cash today to pay the cops' pensions. cops gotta eat them donuts, right?

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