Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

tax-anticipation note

Read a random definition: failure to state a claim

A quick definition of tax-anticipation note:

A tax-anticipation note is a type of promise to pay money that is issued by state or local governments to help pay for things they need right away. It's like borrowing money and promising to pay it back later when they get tax payments from people and businesses. It's a short-term loan that helps governments get the money they need quickly.

A more thorough explanation:

A tax-anticipation note is a short-term obligation issued by state or local governments to finance current expenditures. It usually matures once the local government receives individual and corporate tax payments. Tax-anticipation notes are abbreviated as TAN.

For example, a city government may issue a tax-anticipation note to pay for immediate expenses, such as salaries or infrastructure projects, before the tax revenue is collected. Once the tax revenue is received, the government uses it to pay off the tax-anticipation note.

Tax-anticipation notes are a way for governments to manage their cash flow and ensure that they have enough money to cover their expenses. They are generally considered safe investments because they are backed by the government's ability to collect taxes.

tax-anticipation bill | tax-anticipation warrant

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.