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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.




Similar Matches

Canceled Certificates

Canceled Certificates
Before the issuance of a new certificate, the old certificate is presented to the Transfer Agent and is canceled.


Certificate

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.


Further Suggestions

Certificate of Origin
Certificateless municipals
Certificates of Amortized Revolving Debt (CARD)
Certificates of Automobile Receivables (CAR)
Equipment trust certificates
Eurodollar certificate of deposit
Face amount certificate


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Certificate of Accrual on Treasury Securities (CATS)
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