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Certificate of Accrual on Treasury Securities

A formerly-issued Treasury security whose coupons had been stripped by an intermediary. CATS therefore paid no interest. They were sold at a significant discount from par and matured at par. CATS fluctuated in price, sometimes dramatically, because changes in interest rates made them more or less desirable. CATS could be invested IRAs and other pension accounts; they were also exempt from state and local taxes. They were issued between 1982 and 1986, becoming obsolete when the U.S. Treasury began issuing its own stripped bonds. See also: Zero-Coupon Bonds.

Certificate of Accrual on Treasury Securities (CATS).

CATS are US Treasury zero-coupon bonds that are sold at deep discount to par, or face value. Like other zeros, the interest isn't actually paid during the bond's term but accumulates so that you receive face value at maturity.

You can use CATS in your long-term portfolio to provide money for college tuition or retirement. For example, you may purchase them in a tax-deferred IRA or a tax-free Roth IRA or Coverdell education savings account (ESA).

As with other zeros, CATS prices can be volatile, so you risk losing some of your principal if you sell before maturity. And like other federal government issues, the interest is free of state and local income tax but subject to federal income tax.

References in periodicals archive ?
A taxpayer is subject to the CAT if its Ohio taxable gross receipts exceed $150,000 (assuming it has bright-fine nexus with the state).
The department decided that CAT personnel would receive refresher training in conventional Mobile Field Force concepts to bring everyone up to the same competence level, regardless of when the academy had initially trained them.
CAT is a UK-based biotechnology company using its proprietary technologies and capabilities in human monoclonal antibodies for drug discovery and drug development.
Those taking the test will notice that the recommendations provided by CAT are not limited to conventional CPE programs.
At the Friskies Create & Taste Kitchen we are having a lot of fun with the fact that cats have different personalities and unique food preferences and we're matching Grumpy Cat and Nala Cat's preferences against one another in a fun, light-hearted way," said Whitney Evans, Assistant Brand Manager at Friskies.
People who believe black cats are bad luck also believe in ghosts.
We tested feral cats from Air Batang for neutralizing antibodies to NiV to determine whether cats might play a role in the zoonotic transmission of Nipah virus.
She has a long waiting list of abandoned kittens and cats rescued by Southern California Siamese Rescue wanting her services, Winters says.
In the early 1900s, roughly 100000 cheetahs roamed expanses of Asia and Africa Today, only 12,000 of the cats remain About a quarter of these endangered cats live in Namibia, a country in southwest Africa.
Editor McGreevy presents a good concise overview of cats in general and pets and pet care in particular.
If there is a feral colony near where the FWC is trying to bring back ground-nesting birds and they're having a negative impact, we will work with TNR advocates and the local government to relocate the cats or fence them off," she explains.
In the literature, "I've read that because cats don't form [a particular kind of] dominance hierarchy, that's evidence of their nonsocial behavior," she says.