treasury savings certificate

treasury savings certificate
noun
: a registered nontransferable certificate of the United States government issued between 1921 and 1924 in denominations of $25, $100, and $1000 maturity value five years from date of issue with the interest rate being about 4 1/2 percent per annum compounded semiannually if held to maturity

Useful english dictionary. 2012.

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