treasury savings certificate

noun

Definition of treasury savings certificate

  1. :  a registered nontransferable certificate of the U.S. government issued between 1921 and 1924 in denominations of $25, $100, and $1000 maturity value five years from date of issue with the interest rate being about 412 percent per annum compounded semiannually if held to maturity

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quaintly unconventional or refined

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