meaning of Bond Anticipation Note

Bond Anticipation Note meaning in Finance Dictionary

A short-term interest-bearing security given in expectation of bigger >future bond issues, utilized as short-term funding. In america, it's a short-term municipal or condition note which can be repaid from the profits of a forthcoming problem.

Bond Anticipation Note meaning in Law Dictionary

shortterm DEBT responsibility of a municipality that delivers interim funds for a capital enhancement project; the NOTE is typically used and changed with longterm funding once the project is underway.