We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.


Bond Anticipation Notes

Categories: Bonds, Muni Bonds

When a new James Bond movie is about to come out, we all quiver with anticipation. When a municipality or company wants to fund a project but can't wait to issue a larger number of bonds, they can issue bond anticipation notes. These are short-term, smaller bonds issued before a larger funding project. When the company or municipality makes a larger bond issue later, they can use the money from that issue to pay for the bond anticipation notes. 

Find other enlightening terms in Shmoop Finance Genius Bar(f)