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An intermediate-term obligation of the US Treasury having a maturity period of one to ten years and paying interest semiannually.
(Banking & Finance) (a note issued by a government treasury and generally receivable as legal tender for any debt, esp)
a. a medium-term interest-bearing obligation issued by the US Treasury, maturing in from one to five years
b. Also called: currency note a note issued by the British Treasury in 1914 to the value of £1 or ten shillings: amalgamated with banknotes in 1928
an interest-bearing note issued by the U.S. Treasury in amounts of $1000 or more and maturing in ten years or less.
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|Noun||1.||Treasury note - securities with maturities of 1 to 10 years; sold for cash or in exchange for maturing issues or at auction|