GC: n
S: Investop – https://www.investopedia.com/ask/answers/033115/what-are-differences-between-treasury-bond-and-treasury-note-and-treasury-bill-tbill.asp (last access: 1 December 2024); Fidelity – https://www.fidelity.com/learning-center/smart-money/treasury-bills-vs-bonds (last access: 2 December 2024).
N: 1. – treasury (n). c. 1300, tresourie, “room or house where treasure is laid up; building or vault in which wealth, precious stones, etc., are stored and kept safe,” from Old French tresorie “treasury” (11c.), from tresor (see treasure (n.); for second element see -y (1)).
The meaning “department of state that controls public revenue” is recorded from late 14c. Specifically by 1706 as “place where public revenues are deposited and kept and where the funds to pay expenses of government are disbursed.” Treasury bill is attested by 1797.
An Old English word for “room for treasure” was maðm-hus and for “treasury,” feo-hus (for first element, see fee (n.)); Middle English also had treasure-house (tresour-hous, mid-13c.).
- Treasury (Capital T).
a: a governmental department in charge of finances and especially the collection, management, and expenditure of public revenues.b: the building in which the business of such a governmental department is transacted. -
Treasury plural also Treasurys: a government security (such as a note or bill) issued by the Treasury.
– note (n): c. 1300, “a song, music, melody; instrumental music; a bird-song; a musical note of a definite pitch,” from Old French note and directly from Latin nota “letter, character, note,” originally “a mark, sign, means of recognition,” which traditionally has been connected to notus, past participle of noscere “to come to know,” but de Vaan reports this is “impossible,” and with no attractive alternative explanation, it is of unknown origin.
Meaning “notice, attention” is from early 14c.; that of “reputation, fame” is from late 14c. From late 14c. as “mark, sign, or token by which a thing may be known.” From late 14c. as “a sign by which a musical tone is represented to the eye.” Meaning “a brief written abstract of facts” is from 1540s; meaning “a short, informal written communication” is from 1590s. From 1550s as “a mark in the margin of a book calling attention to something in the text,” hence “a statement subsidiary to the text adding or elucidating something.” From 1680s as “a paper acknowledging a debts, etc.” In perfumery, “a basic component of a fragrance which gives it its character,” by 1905.
2. Like T-bills and T-bonds, Treasury notes are generally considered to be below-risk and highly liquid fixed-income investments, backed by the US government.
| A quick look at Treasury notes | |||||
| Maturities available | When interest is paid | How interest is taxed | Liquidity | Volatility | Typical returns compared to Treasury bills and bonds |
|---|---|---|---|---|---|
| 2, 3, 5, 7, or 10 years | Every 6 months | Income exempt from state and local taxation; federal tax due each year on interest earned. | High | Medium | Moderate |
3. Investment; Financial and Budgetary Management; Government Accounting: treasury note.
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A note issued by or on behalf of Her Majesty for the payment of a principal sum specified in the note to a named recipient or to a bearer at a date not later than twelve months from the date of issue of the note (Canada).
4. Stock Exchange; Financial and Budgetary Management: Treasury note (United States).
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A medium-term (normally from two to ten years) coupon security issued by the U.S. Treasury.
5. Treasury notes have maturities ranging from two to 10 years.
Treasury bills (T-bills) are short-term investments that mature in one year or less.
Treasury bonds offer the longest commitment, taking 20 or 30 years to mature.
S: 1. Etymonline – https://www.etymonline.com/search?q=treasury+note (last access: 1 December 2024); MW – https://www.merriam-webster.com/dictionary/treasury (last access: 1 December 2024). 2. Fidelity – https://www.fidelity.com/learning-center/smart-money/treasury-bills-vs-bonds (last access: 1 December 2024). 3 & 4. TERMIUM PLUS – https://www.btb.termiumplus.gc.ca/tpv2alpha/alpha-eng.html?lang=eng&i=1&srchtxt=Treasury+note&index=alt&codom2nd_wet=1#resultrecs (last access: 1 December 2024). 5. Investop – https://www.investopedia.com/ask/answers/033115/what-are-differences-between-treasury-bond-and-treasury-note-and-treasury-bill-tbill.asp (last access: 1 December 2024).
SYN:
S:
CR: Treasury bill, Treasury bond.
