US Treasury Bond: US Treasury bonds are long-term government debt securities, typically issued with 30-year terms. New bonds are sold at a par value of $1,000, and existing bonds trade in the secondary market at prices that fluctuate to reflect changing demand. These bonds, sometimes referred to as long bonds, are often used as a benchmark for market interest rates. While interest on US Treasury bonds is federally taxable, it is exempt from state and local taxes. Treasury bonds are considered among the world’s the most secure investments, since they are backed by the full faith and credit of the US federal government.

 

Related Words

US Treasury Bond: US Treasury bonds are long-term government debt securities, typically issued with 30-year terms. New bonds are sold at a par value of $1,000, and existing bonds trade in the secondary market . . . View Full Definition

Odd- Or Even-Year Usage: Biennial vacation property ownership where the owner can use his/her property every other year, termed either odd- or even-year depending upon the years when the interval week(s) are used. F . . . View Full Definition

Odd Man Rush: When a team enters the attacking zone and outnumbers the opposing players in the zone.

Occlusion: Any contact between biting or chewing surfaces of upper and lower teeth.