CATS


Meaning of CATS in English

An acronym for Certificate of Accrual on Treasury Securities. Refers to a zero-coupon US Treasury issue that is sold at a deep discount from the face value and pays no interest during its lifetime. However, it returns the full face value at maturity .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.