ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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BOND ANTICIPATION NOTE Definition
BOND ANTICIPATION NOTE (BAN) is a tax-exempt note that is issued as temporary or bridge financing until a bond issue is floated. The proceeds from the bond issue are then used to payoff the bond anticipation note.
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SURETY BOND is a contract by which one party agrees to make payment on any default or the debt of another party.
PRIVATE LEDGER see LEDGER.