Certificate of Indebtedness
A short-term fixed income security issued by the United States Treasury that has a coupon. Investopedia Says:
Unlike treasury bills--which are sold at a discount and mature at par value without a coupon payment--certificates of indebtedness offer fixed coupon payments. Certificates of indebtedness typically mature in one year or less. Related Terms:
Banker's Acceptance
Certificate of Deposit
Coupon
Money Market
Treasury Bill
U.S. Treasury |