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 .
CATS
Meaning of CATS in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012