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@WorthlessAttractiveZombie: 4
Simple English definitions for legal terms
Read a random definition: single-juror instruction
TAN stands for tax-anticipation note. It is a short-term obligation issued by state or local governments to finance current expenditures and usually matures once the local government receives individual and corporate tax payments.
These examples illustrate how TANs are used by local governments to cover expenses before they receive tax revenue. It allows them to address urgent needs without having to wait for tax payments to come in.