Related Words

Anticipation: The appraisal principle which holds that value can increase or decrease based on the expectation of some future benefit or detriment produced by the property.

Bond Anticipation Note (BAN): A short-term debt instrument issued by a state or municipality to borrow against the proceeds of an upcoming bond issue.

Bank Anticipation Notes (BAN): Notes issued by states and municipalities to obtain interim financing for projects that will eventually be funded long term through the sale of a bond issue.

Long-Term Equity Anticipation Securities (LEAPS): These long-term options on stocks have expiration dates of up to three years rather than the shorter terms of most stock options, which are never longer than nine months. The benefit of LEAP . . . View Full Definition

Long-Term Anticipation Securities (LEAPS): Long-term options.

Rate Anticipation Swaps: An exchange of bonds in a portfolio for new bonds that will achieve the target portfolio duration, given the investor's assumptions about future changes in interest rates.

Tax Anticipation Bills (Tabs): An account at a private bank, held in the name of the district Federal Reserve Bank, which holds operating cash for the business of the U.S. Treasury.

Tax Anticipation Notes (Tans): Special bills that the Treasury occasionally issues that mature on corporate quarterly income tax dates and can be used at face value by corporations to pay their tax liabilities.

Revenue Anticipation Note (RAN): A short-term municipal debt issue that will be repaid with anticipated revenues, such as sales taxes, from the project.

Tax Audit: Notes issued by states or municipalities to finance current operations in anticipation of future tax receipts.