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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VET, VETTED, VETTING is to make a careful and critical examination of someone or something, e.g. a person prior to employment.
IMPLICITY is something implied or understood although not directly expressed.