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Noninterest bearing note

The financial definition for Noninterest bearing note:

A note without periodic interest payment, but selling at a discount and maturing at face value. See: Zero-coupon bond.




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Matured noninterest bearing debt

Matured noninterest bearing debt
Outstanding savings bonds and notes that have reached final maturity and no longer earn interest. Includes all Series A-D, F, G, 1, J, and K bonds. Series E bonds (issued between May 1941 and November 1965), Series EE (issued since January 1980), Series H (issued from June 1952 through December 1979), and savings notes issued between May 1967 and October 1970 have a final maturity of 30 years. Series HH bonds (issued since January 1980) mature after 20 years.




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