Treasury Bond Definition

noun

A long-term obligation of the US Treasury having a maturity period of more than ten years and paying interest semiannually.

American Heritage

Any of various series of bonds issued by the U.S. Treasury, usually maturing over long periods.

Webster's New World

A long-term promissory note issued by the United States government for terms of 10 to 30 years and backed by the full faith of the United States government. Because they are considered to be risk-free, they carry the lowest taxable yield of any bonds. They are sold at a discounted rate and attain full face value upon maturity. See also treasury bill and treasury note.

Webster's New World Law