treasury savings certificate
- treasury savings certificate
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: 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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Treasury security — Treasury securities are government bonds issued by the United States Department of the Treasury through the Bureau of the Public Debt. They are the debt financing instruments of the U.S. Federal government, and they are often referred to simply… … Wikipedia
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Certificate of deposit — This article is specific to the United States. For a more general article, see Time deposit. Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account … Wikipedia
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Savings and loan crisis — The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S L crisis) was the failure of 747 savings and loan associations (S Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around… … Wikipedia
money-market certificate — /mun ee mahr kit/ 1. a certificate of deposit held for a specified term earning a fixed interest rate keyed to the interest rate of U.S. Treasury bills. 2. any type of savings certificate whose interest rate is based on current money market… … Universalium
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All Savers Certificate — A type of nontaxable certificate of deposit account with a duration of one year that was used primarily by thrift institutions to build funds for mortgage lending. All Savers Certificates were authorized by the Economic Recovery Tax Act of 1981.… … Investment dictionary