project note (PN)

project note (PN) definition - business

project note (PN)

A short-term debt security issued by a municipality to finance a federally sponsored real estate project, with repayment guaranteed by a pledge from the U. S. Department of Housing and Urban Development. These securities are considered very high grade.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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