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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 ?
Businesses that incur costs for their customers and then pass them through in the sales price of the goods or services are paying CAT on inflated gross receipts.
CAT supervisors felt that a trailer would require far less maintenance than a vehicle and be more reliable, even after long idle periods.
Three CAT human therapeutic antibody products are now in clinical development, with two further product candidates in pre-clinical development.
CAT provides a five-step process to guide you through the model.
Our finding of no seropositive cats may be explained in 3 ways: 1) feral cats are rarely, if at all, exposed to NiV in nature; 2) the death rate from NiV infection in cats is so high that few or none survive with immunity; or 3) our sample size was too small to detect a seropositive cat.
Wilcox says her organization does not oppose relocating colonies "if feral cats are in an area where there are endangered species and there is evidence that the feral cats are a problem.
For a pilot study, he staked out a Georgia dairy barn and kept track of which cats rested together.
Bethesda's cats can be found curled up on residents' laps and beds, being pushed in wheelchairs, or entertaining everyone with their antics.
Rangers: Maybe you've seen cats do other strange things that you can't explain.
And, as the Cats claimed they knew, VOOM cleans up everything.
Yesterday, Nico Dauphine, a researcher at the National Zoo's Migratory Bird Center was charged with attempted animal cruelty for allegedly poisoning feral cats in Washington, DC's Columbia Heights Neighborhood.