tax anticipation note

简明释义

预期纳税票据

英英释义

例句

1.The city issued a tax anticipation note to cover its immediate cash flow needs until property taxes are collected.

该市发行了一种税收预期票据以满足其在征收财产税之前的即时现金流需求。

2.The tax anticipation notes were sold at a discount, reflecting the time value of money.

这些税收预期票据以折扣价出售，反映了货币的时间价值。

3.Due to unexpected delays in tax collection, the city relied on tax anticipation notes to maintain services.

由于税收征收意外延误，该市依赖于税收预期票据来维持服务。

4.Investors purchased the tax anticipation notes as a safe way to earn interest while waiting for tax revenues.

投资者购买了税收预期票据，作为在等待税收收入时获得利息的安全方式。

5.Before issuing the tax anticipation note, the municipality conducted a thorough financial analysis.

在发行税收预期票据之前，市政府进行了全面的财务分析。

作文

In the world of finance and municipal budgeting, various instruments are utilized to manage cash flow and ensure that governments can meet their financial obligations. One such instrument is the tax anticipation note, which plays a crucial role in helping municipalities bridge the gap between the time they incur expenses and when they receive tax revenues. A tax anticipation note (税收预期票据) is essentially a short-term debt obligation issued by a municipality in anticipation of future tax receipts. This allows local governments to access funds immediately, rather than waiting for the tax revenue to be collected, which can often take several months or even longer.The primary purpose of a tax anticipation note is to provide liquidity to the issuing entity. For example, a city may need to pay salaries to its employees, maintain public services, or fund essential projects while waiting for property taxes to be collected later in the year. By issuing a tax anticipation note, the municipality can ensure that it has the necessary cash flow to meet these immediate obligations without having to delay payments or reduce services.Investors who purchase tax anticipation notes are essentially lending money to the municipality, with the expectation that they will be repaid once the anticipated tax revenues are received. These notes typically have a maturity period ranging from a few months to a year, depending on the timing of the expected tax collections. The interest rates on tax anticipation notes are usually lower than those of other forms of debt, as they are backed by the promise of future tax revenues, which are generally considered a stable source of income.However, there are risks associated with investing in tax anticipation notes. If the anticipated tax revenues do not come in as expected due to economic downturns, changes in tax policy, or other unforeseen circumstances, the municipality may face challenges in repaying its debts. This could lead to a decrease in investor confidence and potentially higher borrowing costs for future issuances. Therefore, it is crucial for municipalities to conduct thorough financial planning and forecasting before issuing tax anticipation notes.In conclusion, tax anticipation notes serve as an important financial tool for municipalities, allowing them to manage cash flow effectively and meet their obligations in a timely manner. While these instruments offer benefits in terms of liquidity and lower borrowing costs, they also carry risks that must be carefully managed. Understanding the function and implications of tax anticipation notes is essential for both municipal leaders and investors alike, as they navigate the complexities of public finance. By utilizing tax anticipation notes wisely, municipalities can ensure that they continue to provide essential services to their communities while maintaining fiscal responsibility.

在金融和市政预算的世界中，各种工具被用来管理现金流，确保政府能够履行其财务义务。其中一种工具是税收预期票据，它在帮助市政当局弥补支出发生与税收收入到位之间的差距方面发挥着至关重要的作用。税收预期票据（tax anticipation note）本质上是由市政当局发行的短期债务工具，以期望未来的税收收入。这使地方政府能够立即获得资金，而不必等到税收收入被征收，这通常需要几个月甚至更长时间。税收预期票据的主要目的是为发行实体提供流动性。例如，一个城市可能需要支付员工的工资、维护公共服务或资助必要的项目，同时等待财产税在年度晚些时候被征收。通过发行税收预期票据，市政当局可以确保有必要的现金流来及时满足这些直接义务，而无需延迟付款或减少服务。购买税收预期票据的投资者基本上是在向市政当局借款，期望在预期的税收收入到达后得到偿还。这些票据的到期时间通常从几个月到一年不等，具体取决于预计的税收征收时间。税收预期票据的利率通常低于其他形式的债务，因为它们以未来税收收入的承诺为担保，而税收收入通常被视为稳定的收入来源。然而，投资税收预期票据也存在风险。如果由于经济衰退、税收政策变化或其他不可预见的情况，预期的税收收入未能如预期到达，市政当局可能面临偿还债务的挑战。这可能导致投资者信心下降，并可能提高未来发行的借款成本。因此，市政当局在发行税收预期票据之前，进行全面的财务规划和预测是至关重要的。总之，税收预期票据作为市政当局的重要金融工具，能够有效管理现金流，及时满足其义务。虽然这些工具在流动性和较低借款成本方面提供了好处，但它们也带来了必须谨慎管理的风险。理解税收预期票据的功能和影响对于市政领导者和投资者来说都是至关重要的，因为他们在公共财政的复杂性中航行。通过明智地利用税收预期票据，市政当局可以确保继续为其社区提供必要的服务，同时保持财政责任。