BOND ANTICIPATION NOTE Definition

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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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PERPETUAL VALUATION see MARKET VALUE.

CEO is an acronym for Chief Executive Officer. The CEO is the principle individual responsible for the activities of a company.

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