Series 66: Revenue Anticipation Note (RAN)

Taken from our Series 66 - NASAA Uniform Combined State Law Exam

Definition of the term Revenue Anticipation Note (RAN)...

a short-term debt security that is backed by revenue generated by the completed project.

Since you're reading about Series 66: Revenue Anticipation Note (RAN), you might also be interested in:

Solomon Exam Prep Study Materials for the Series 66
Please Enable Javascript
to view this content!