Treasury certificate

American  

Or treasury certificate

noun

1. 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.

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treasury certificate British  

noun

1. a short-term obligation issued by the US Treasury, maturing in 12 months with interest payable by coupon redemption

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Etymology

Origin of Treasury certificate

First recorded in 1785–95

Example Sentences

What, for example, is the difference between a Treasury bond and a Treasury certificate, or a condominium and a cooperative apartment?

From Time Magazine Archive

During the War the late James B. Forgan, chairman of First National, was asked by the Federal Reserve to help select a man for the Treasury certificate drive in Chicago.

From Time Magazine Archive