CLN. Short-term debt instrument, usually in the form of a bond, which is issued in order to generate funds for a construction project such as a house. This usually matures in three years or less. The issuer, typically a municipality, often repays the construction loan note off with proceeds from a longer-term bond.
Related information about construction loan note:
- Construction Loan Note (CLN) Definition | Investopedia
A short-term obligation in the form of a note, used for the funding of construction projects such as housing developments. In most cases, the note issuers will ...
- What is construction loan note? definition and meaning
Definition of construction loan note: CLN. Short-term debt instrument, usually in the form of a bond, which is issued in order to generate funds for a construction ...
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- Construction Loan Note - CLN: Definition from Answers.com
note issued by a municipality to finance the construction of multi-family housing projects. The notes, which typically mature in three years or less, are.
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- How to Calculate Construction Loan Payments | eHow.com
If you have a variable interest rate per your construction loan note, always verify the current month's rate before calculating your per diem rate. 4. If there have ...