tax advance notes (TAN) →
έντοκα που συνδέονται με φορολογικές εκπτώσειςTax anticipation notes are notes issued by states or municipalities to finance current operations before tax revenues are received.When the issuer collects the taxes, the proceeds are then used to retire debt. The interest income is exempt from federal income tax for the recipient—a treatment similar to that for interest income from municipal bonds. Tax anticipation notes are short term notes, issued at a discount, with a maturity period usually less than a year or a stated future date. Tax anticipation notes are used by municipalities to bridge funding gaps.
https://en.wikipedia.org/wiki/Tax_anticipation_notes