Treasury note

(redirected from currency note)
Also found in: Dictionary, Thesaurus, Legal, Wikipedia.

U.S. Treasury Note

A debt security backed by the full faith and credit of the United States government with a maturity between one and 10 years. They may be purchased directly from the government or from a bank; they have coupon payments payable every six months. Treasury notes may be bought competitively or non-competitively. In a non-competitive transaction, one takes the interest rate he/she is given on a Treasury note. In competitive investing, one bids on a desired yield; however, this does not mean it will be accepted. Treasury notes are low-risk, low-return investments. The minimum purchase is $1,000 and the maximum is $1 million in competitive bidding, or $5 million in non-competitive. They are known informally as T notes. See also: Treasury Bill, Treasury Bond.

Treasury note

Intermediate-term (1-10 years), interest-bearing debt of the U.S. Treasury that may be purchased through a bank or brokerage firm or directly from the Federal Reserve. An active secondary market makes it easy to resell a Treasury note.

Treasury note.

Like US Treasury bills, Treasury notes are debt securities issued by the US government and backed by its full faith and credit.

They are available at issue through Treasury Direct in denominations of $1,000 and are traded in the secondary market after issue.

Notes are intermediate-term securities, with a maturity dates of two, three, five or ten years. The interest you earn on Treasury notes is exempt from state and local, but not federal, taxes.

And while the rate at which the interest is paid is generally less than on long-term corporate bonds, the shorter term means less inflation risk.

References in periodicals archive ?
Other currency garland makers also out of business as their craft entirely depends on the availability of crisp currency notes.
5) Pathogenic microorganisms that may survive on the currency notes may serve as potential sources of enteropathogens that cause infections and potential sporadic cases of food borne diseases.
The currency notes circulated before 2005 has not much volume left in circulation as per the expert research and hence it will not affect the general public to larger extent.
4 -- The first set of Sri Lanka's currency notes under the new series will be ceremonially released by the President Mahinda Rajapaksa at the Deyata Kirula Exhibition in Buttala today 4 February.
Both issuing coins and issuing currency notes lower the government's effective cost of borrowing from the public, by approximately the value of the coin or currency notes in circulation times the interest rate that the government pays on its debt.
The establishment of the Mint is mainly aimed at meeting the Central Bank's entire needs of printed currency notes.
GHOTKI -- Ghotki police apprehended one suspect on charges of looting innocent people through fake currency notes in rural areas on Sunday.
Summary: Central Bank of The United Arab Emirates announced that it would put in circulation, on Saturday 02/02/2013, two currency notes reprinted with new security features, of AED one hundred (AED100) and AED one thousand (AED 1000).
SOUTH WAZIRISTAN Agency -- A ten-year-old child was critically injured in a blast when he tried to pick a fifty rupees currency note placed over the explosive device near Pak-Afghan border in South Waziristan area on Thursday.
As new security features, the metallic ink around the UAE emblem has been replaced with a multi colored ink, on the upper half of the front side of the two currency notes, and the silver security thread has been substituted with a (3mm) wide multi hued security thread on the front side of the Dhs100 currency note, with (UAE 100) printed on it, and on the back side of the Dhs1,000 currency note, with (UAE 1000) printed on it.
BO), India's largest lender, has launched its first Currency Administration Branch (CAB), an exclusive branch to handle currency notes.
The suspects had 6,931,000 pieces of paper intended to resemble and pass as US dollar currency notes.