treasury certificate

Treasury certificate or treasury certificate Word Origin 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.

Origin of Treasury certificate First recorded in 1785–95 British Dictionary definitions for treasury certificate treasury certificate noun

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