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treasury certificate

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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
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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