BOND ANTICIPATION NOTE Definition

Bookmark and Share

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.

Learn new Accounting Terms

ABNORMAL LOSS see NORMAL LOSS.

BREAK-EVEN POINT is the volume point at which revenues and costs are equal; a combination of sales and costs that will yield a no profit/no loss operation.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.