certificate of indebtedness


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certificate of indebtedness

A United States Treasury debt obligation with an original maturity of one year or less and a fixed coupon rate of interest. A certificate of indebtedness differs from a Treasury bill, which is sold at a discount from face value and has no coupon.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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