|
 |
Investing Glossary:
Certificate of Accrual on Treasury Securities (CATS)
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- C -
| Term: |
| 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.
|
|
|
| |
|
