ACR Definition

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ACR is Accounts Receivable. See ACCOUNTS RECEIVABLE.

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INHERITANCE TAX is a tax charged on the passing of wealth from one person to another, either during life or at death.

REVENUE ANTICIPATION NOTE (RAN) is a note sold by mu­nicipalities as a temporary financing pending the arrival of certain revenues, which are then used to payoff the note. Usually the income on these notes is exempt from federal income taxes.

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