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


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 ?
The CAT has also been written in such a way that the same gross receipts can be taxed more than once, in some circumstances.
CAT supervisors decided to augment riot shields with blunt-force body armor, both for added protection and its imposing appearance.
CAT is a leader in the discovery and development of human therapeutic antibodies and has an advanced proprietary platform technology for rapidly isolating human monoclonal antibodies using phage display and ribosome display systems.
The requirement for a certain number of hours may change, however, and the design of CAT is predicated on that possibility.
The time of year was similar to the time when NiV was isolated from bats in 2000; however, none of the 32 cats (18 males, 14 females; 25 adults, 7 juveniles [<1 year of age]) had detectable antibodies to NiV on SNT.
Need for neutering, noting that two cats are happier than one and aging are all addressed in terms readers will understand.
And not every cat hunts, Wilcox adds, saying there is "no evidence" feral cats have an impact on wildlife.
Analyses in the 1970s tended to treat clusters of cats as a bunch of asocial loners drawn to the same resource, MacDonald recalls.
A lock was placed on one of the bird cages after a resident put dangerous objects in the cage, and one of the cats failed to adjust to the new environment and was added to the Grant family menagerie.
Rangers: Maybe you've seen cats do other strange things that you can't explain.