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Hi I'm Wayne Blanchard I'm a certified financial planner, and I'm a member of the Garrett Planning network our topic is definition of bond anticipation notes now when I describe this to you, I think they'll be very little won't be a leap of faith for you to understand that this was invented primarily for government use government's issue bonds, and sometimes they have to roll over those bonds, but basically they know they need to bring out a new issue of a bond, or they need to change something on it, and yet they have run out of money prior to the time that they need that the bond will actually be issued so what do you think they do they come up with a short-term type of note that they can go ahead and get their cash from investors to use and that is paid off when the bond is finally issued, so it's an anticipation, so it's an anticipation note waiting for the bottom to be issued, so it's a very simple product, but you know you need to understand what it is its it's a bond that's an anticipation note will tell you that it's a short-term instrument, and it's anticipation of a bond being issued later on and if it's a government institution probably not a problem in terms of doing something like that but again be careful out there you
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