Certificate of Accrual on Treasury Securities (CATS)
The financial definition for Certificate of Accrual on Treasury Securities (CATS):
Refers to a zero-coupon US Treasury issue that is sold at a deep discount from the face value and pays no coupon interest during its lifetime, but returns the full face value at maturity.
Canceled Certificates Before the issuance of a new certificate, the old certificate is presented to the Transfer Agent and is canceled.
Certificate A formal document used to record a fact and used as proof of the fact, such as stock certificates, that evidence ownership of stock in a corporation.
Certificate of deposit (CD)
Certificate of deposit (CD) Also called a time deposit this is a certificate issued by a bank or thrift that indicates a specified sum of money has been deposited. A CD has a maturity date and a specified interest rate, and can be issued in any denomination. The duration can be up to five years.