Revenue Anticipation Note - RAN

外汇网2021-06-19 14:09:35 137

A short-term debt security issued on the pmise that future revenues will be sufficient to meet repayment obligations.

|||RANs are generally used to generate immediate investment capital to begin a large project. These securities are repaid with future expected revenues from the completed project, which may come from sources like turnpike tolls or stadium ticket sales.

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