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

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

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