Tax Anticipation Note - TAN

Tax Anticipation Note - TAN
A short-term debt security issued by a state or local government to finance an immediate project that will be repaid with future tax collections. State and local governments use tax anticipation notes to borrow money, typically for one year or less and at a low interest rate, in order to finance a capital expenditure such as the construction of a road or school. The government then uses the following year's tax revenue to repay the TANs.

Tax anticipation note financing helps governments smooth out the ups and downs in their revenue cycles, if the timing of their receipts does not match the timing of their expenditures. TANs are one of several types of anticipation note that state and local governments can use; others include revenue anticipation notes, tax and revenue anticipation notes and bond anticipation notes. Tax anticipation notes are a type of municipal bond, so the interest earned from TANs is generally tax exempt for investors.


Investment dictionary. . 2012.

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  • tax anticipation note — (TAN) Short term obligations issued by state or local governments to finance current expenditures. TANs generally mature once individual and corporate taxes are received by the local government …   Black's law dictionary

  • tax anticipation note — UK US noun [C] (ABBREVIATION TAN) TAX ► REVENUE ANTICIPATION NOTE(Cf. ↑revenue anticipation note) …   Financial and business terms

  • TAX ANTICIPATION NOTE — (TAN) муниципальная облигация под будущие налоги, налоговые облигации штата или муниципального правительства, предназначенные для финансирования текущих расходов до поступления средств, ожидаемых от налоговых платежей. Кредитные обязательства… …   Финансово-инвестиционный толковый словарь

  • TAN — tax anticipation note (TAN) Short term obligations issued by state or local governments to finance current expenditures. TANs generally mature once individual and corporate taxes are received by the local government …   Black's law dictionary

  • TAN — tax anticipation notes (TAN) Short term notes sold by a public entity that will be repaid from the proceeds of anticipated tax collections. American Banker Glossary * * * TAN UK US TAX ► ABBREVIATION for TAX ANTICIPATION NOTE(Cf. ↑tax… …   Financial and business terms

  • TAN — /tan/, n. tax anticipation note. * * * (as used in expressions) Black and Tan Tan Cheng Lock Tan Malaka Ibrahim Datuk * * * …   Universalium

  • TAN — tax anticipation note облигации (муниципальные) под будущие налоги …   Финансово-инвестиционный толковый словарь

  • TAN — Tangent (Academic & Science » Mathematics) * Tax Anticipation Note (Governmental » US Government) * Tax Anticipation Note (Business » Accounting) * Total Acid Number (Academic & Science » Chemistry) * Tannate (Medical » Physiology) * Tandy… …   Abbreviations dictionary

  • performing arts — arts or skills that require public performance, as acting, singing, or dancing. [1945 50] * * * ▪ 2009 Introduction Music Classical.       The last vestiges of the Cold War seemed to thaw for a moment on Feb. 26, 2008, when the unfamiliar strains …   Universalium

  • arts, East Asian — Introduction       music and visual and performing arts of China, Korea, and Japan. The literatures of these countries are covered in the articles Chinese literature, Korean literature, and Japanese literature.       Some studies of East Asia… …   Universalium

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