certificate of indebtedness

noun

1. a short-term, negotiable, interest-bearing note representing indebtedness.

Example Sentences

The move, known as a certificate of indebtedness, is one the state has used repeatedly to cover bills when cash is expected to run low.

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Bonds, certificates of indebtedness, War Savings Certificates, and Thrift Stamps issued by the Treasury up to March 12 totaled $8,560,802,052.96.

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The result of all efforts to treat certificates of indebtedness as personal property are hardship to debtors and apparent fraud on the part of many creditors.

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Also, when property was seized for the use of the army, the owners were given certificates of indebtedness which entitled the holders to payment at the United States Treasury.

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The object and purpose of the law was to secure to persons of limited means an opportunity to purchase, at par, certificates of indebtedness bearing four per cent. interest.

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