Anticipation Note Definition.

An anticipation note is a debt instrument issued by a municipality in anticipation of the receipt of future revenue, such as taxes or federal grants. The municipality uses the funds from the sale of the notes to finance short-term projects or operating expenses. Anticipation notes are also known as tax and revenue anticipation notes (TRANs). … Read more

What Is Bioremediation, and How Does It Work (With Examples)?

What is bioremediation? How does bioremediation work? What are some examples of bioremediation? Which of these is an example of bioremediation? Bioremediation is the process of using living organisms to clean up contaminated sites. Common examples of bioremediation include using plants to remove heavy metals from soil, using bacteria to break down oil spills, and … Read more

Check Clearing for the 21st Century Act (Check 21).

The Check Clearing for the 21st Century Act (Check 21) is a United States federal law that was enacted on October 28, 2003. The law is designed to enable banks to handle more checks electronically, which should make the check-clearing process faster and more efficient. Under the Check 21 Act, banks are not required to … Read more

Rule 10b – 18 Definition.

The Rule 10b–18 definition is a set of parameters that the U.S. Securities and Exchange Commission (SEC) uses to define what constitutes legal insider trading. The rule is also known as the “safe harbor” rule, as it provides a safe harbor for companies that engage in certain activities related to the buying or selling of … Read more