PRIVATE CORPORATION Definition

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PRIVATE CORPORATION is a corporation that ownership is held by the private sector, i.e. individuals or companies.

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SCHEDULE K-1 see K-1, SCHEDULE.

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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