Treasury certificate

or 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.

Origin of Treasury certificate

First recorded in 1785–95

British Dictionary definitions for treasury certificate

treasury certificate

noun

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