Treasury certificate

Treasury certificate

noun
an obligation of the U.S. government represented by certificates in denominations ranging from $1000 to $1,000,000, maturing in one year or less with interest periodically payable by the redemption of coupons.
Also, treasury certificate.


Origin:
1785–95

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World English Dictionary
treasury certificate
 
n
a short-term obligation issued by the US Treasury, maturing in 12 months with interest payable by coupon redemption

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