Treasury Notes

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Related to Treasury note: Treasury bill, Treasury bond

Treasury Notes

 

tokens representing value, which substitute in circulation for set quantities of gold or silver. Having no value of their own, treasury notes circulate as representations of gold and silver money and to some’extent may substitute for them as a medium of payment. Treasury notes may take the form of paper money and bank notes, as well as of coins having a nominal value greater than their actual metallic value (such as copper and nickel coins).


Treasury Notes

 

money not exchangeable for gold and issued by the treasury, as well as short-term treasury obligations in circulation. Before World War I, treasury notes greatly differed from bank notes, which were put out by the banks of issue to credit commodity circulation and which were exchangeable for gold. During and for some time after World War I, budget deficits were often covered by treasury notes, as well as by bank notes (which ceased to be exchangeable for gold). During World War II, military expenditures were financed by short-term treasury obligations, such as the “occupation marks” issued by fascist Germany that circulated in countries temporarily occupied by Germany.

In the USSR, treasury notes are used to replace bank notes and to pay small bills. Treasury notes circulate in the country on an equal basis with bank notes. Treasury notes are issued by the Gosbank (State Bank) of the USSR according to its emission plan in denominations of one, three, and five rubles. By law, treasury notes are backed by the national property of the USSR, and their acceptance at their nominal value is mandatory throughout the entire country for all types of payments.

A. B. EIDEL’NANT

References in periodicals archive ?
Due to the US Treasury Department's suspension of 30-year bond issuance between 2001 and 2006, the gap in the exposures of the existing 10-Year US Treasury note and the US Treasury bond futures has expanded from approximately eight years to about 14 years, creating customer demand for a new product that establishes 10-year yield exposure.
In principle, subtracting the real yield on TIPS from the nominal yield of Treasury notes of the same maturity should give policymakers and economists a market-based measure of expected inflation.
The VXTYN Index, on which futures on VXTYN is based, is calculated by applying the CBOE Volatility Index (VIX Index) methodology to futures options data from CME Group's 10-year US Treasury note contract -- one of CME Group's most active interest rate options products.
Rates on 30-year home mortgages, which typically run almost two percentage points higher than the 10-year Treasury note, were also on the rise, along with corporate bond rates.
One horse who does have the typical progressive O'Meara profile is Treasury Notes, and at 28-1 he looks worth backing to win the Betfred Cambridgeshire (4.
The stats tell us: | Back horses aged under seven | Concentrate on those with an official rating lower than 105 | Avoid horses with less than three career wins | A solid run in a competitive handicap last time is a must | Your selection must has been placed over this trip or further in the past That gives us a shortish-list of Bravo Zolo, Treasury Notes, Third Time Lucky, Examiner, Erik The Red, Dolphin Vista, Knight Owl, American Artist and Interconnection.
TREASURY NOTES could offer a bit of solace to punters attempting to find the answers on an awfully diffi-cult card at Doncaster.
When Serial Security expenses exceed income, Treasury notes are called, and the Treasury must come up with the funds to cover the call, but this is not deficit spending.

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