treasury note Hear it!

treasury note definition - legal

n

An intermediate-term promissory note issued by the federal government for a period of two to five years. As with all other debt instruments of the federal government, they carry no risk, and so pay the lowest interest rate of all instruments of similar term. See also treasury bill and treasury bond.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.