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Tax Anticipation Notes - TAN
       
 
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Tax Anticipation Notes - TAN

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Tax Anticipation Notes - TAN
Securities issued in anticipation of Future Tax collections.
    
TANs are generally issued by state and municipal governments to provide immediate funding for a capital expenditure, such as highway construction. Investing in these bonds may Offer a Tax-free income stream but they are not without risks. TAN is a Short-term note issued by states and municipalities to finance current operations, with repayment from anticipated Tax receipts. Also called a Tax anticipation Warrant. These Notes are issued at a Discount, have maturities of a year or less, and mature either at a specific Future date or when property and other taxes are collected. Tax anticipation Notes hold first claim on Tax receipts when collected.
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