State and local government series

(redirected from slugs)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

State and local government series (SLUGs)

Special nonmarketable certificates, notes, and bonds offered to state and local governments as a means to invest proceeds from their own tax-exempt financing. Interest rates and maturities comply with IRS arbitrage provisions. Slugs are offered in both time deposit and demand deposit forms. Time deposit certificates have maturities of up to one year. Notes mature in one to ten years and bonds mature in more than ten years. Demand deposit securities are one-day certificates rolled over with a rate adjustment daily.

State and Local Government Series

Non-negotiable securities the Federal government sells to state and local governments. SLGS are an investment vehicle for issuers of state and local debt securities in which they may invest the proceeds from such issues. SLGS may have time deposits or demand deposits. Time deposit SLGS have maturities of anywhere from 15 days to 40 years and have interest rates one basis point below Treasury securities with similar maturities. Demand deposit SLGS have one-day maturities that are automatically rolled over until the security holder withdraws the deposit; their interest rates are based on the most recent auction of 13-week Treasury securities.
References in periodicals archive ?
Other deterrents include grit, sprinkled liberally around plants and pots, and broken-up eggshells, which slugs and snails hate to crawl over.
Worries about slugs rise and fall with the seasons or weather, but to find all these extra species lurking here is a real concern.
Maine had a wet summer last year and slugs hit the state's potato crop hard.
Caption: Two hermaphroditic sea slugs, each just a few millimeters long, position for mutual simultaneous sperm transfer and add a second connection to each other's heads.
Contrary to reports, slug pellets will kill Spanish slugs but because of their voracious appetite they will eat a lot of them before they die, notes Dr Bedford.
He says that the reports from the public may also give scientists an idea of whether 'Arion vulgaris' is breeding with native species to form a hybrid that combines the worst of the Spanish slug with the tolerance to frosts and cold from our own species.
Given its high velocity, flat trajectory and excellent ballistic form, the Sauvestre slug should prove very effective in the field.
I've seen figures that there are 15,000 slugs a year in an average garden," he adds.
When I first began hunting whitetail deer with shotgun slugs nearly 40 years ago, it was because I had to.
Surprisingly, now he's learned that the sea slugs aren't simply stealing what they need to do this from the algae.
One slug was attached to the upper wing of a nestling, while the other two slugs were each attached to the underside of a nestling wing.