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What does municipal note mean?

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municipal note
Noun


A short-term obligation issued by a local or state governments to raise capital for improvements in infrastructure or other public purpose, commonly with a maturity from three months to three years, usually payable from a defined source of anticipated revenues.

Comment: 
Includes TANs (tax anticipation notes), BANs (bond anticipation notes), RANs (revenue anticipation notes) and GANs (grant anticipation notes).
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