VRDNVariable Rate Demand Note (financial instrument)
VRDNVisio Registered Developer Network
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References in periodicals archive ?
A weekly high-grade market index composed of seven-day tax-exempt variable-rate demand notes (VRDNs), known as the SIFMA index, has increased steadily from yields of 0.01 percent at the beginning of 2016 to as high as 0.87 percent on October 3, 2016.
Demand for VRDNs fell substantially as municipal money market fund (MMF) assets decreased ahead of last October's money market reforms.
Another attractive investment is in the variable rate demand notes (VRDN) issued by municipalities with good credit ratings.