treasury noteTreasury note
⌂ any of the interest-bearing obligations of the U.S. Treasury with maturity dates between one and ten years
An intermediate-term obligation of the US Treasury having a maturity period of one to ten years and paying interest semiannually.
treasury note - Legal Definition
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.