Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun An intermediate-term obligation of the US Treasury having a maturity period of one to ten years and paying interest semiannually.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun securities with maturities of 1 to 10 years; sold for cash or in exchange for maturing issues or at auction

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