Posts

LeoGlossary: Bond Appreciation Note (BAN)

avatar of @leoglossary
25
@leoglossary
·
·
0 views
·
1 min read

How to get a Hive Account


A Bond Anticipation Note (BAN) is a type of short-term borrowing used prior to issuing long-term bonds. BANs may be used to generate funding to pay for the construction or acquisition phase of a project. When the project is finished, bonds are issued, and the bond proceeds are used to pay off the bond anticipation notes.

Commercial paper is one example of a bond anticipation note.

General:

Posted Using LeoFinance Beta