Bond Education | Glossary
Interim Borrowing
(1) Short-term loans to be repaid from general revenues or tax collections during the current fiscal year (TRANs or RANs), (2) short-term loans in anticipation of bond issuance or grant receipts (BANs).
(1) Short-term loans to be repaid from general revenues or tax collections during the current fiscal year (TRANs or RANs), (2) short-term loans in anticipation of bond issuance or grant receipts (BANs).