Super Finance Glossary
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Searched for Certificate of Accrual on Treasury Securities (CATS)
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Certificate Of Accrual On Treasury Securities (CATS)
Definition: 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.
Definition: 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.
