Business, Legal & Accounting Glossary
Debt issued and backed by the United States Treasury, reaching maturity in a period between one to ten years. The yield on the note is declared upon initial issue, and interest is paid semi-annually. These are similar to Treasury Bills, notes with a term less than a year, and Treasury Bonds, which have a maturity of over ten years.
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This glossary post was last updated: 26th November, 2021 | 0 Views.