Treasury Note Definition

noun

Any of the interest-bearing obligations of the U.S. Treasury with maturity dates between one and ten years.

Webster's New World

An intermediate-term promissory note issued by the federal government for a period of two to five years. As with all other debt instruments of the federal government, they carry no risk, and so pay the lowest interest rate of all instruments of similar term. See also treasury bill and treasury bond.

Webster's New World Law