Certificate of Accrual on Treasury Securities

Certificate of Accrual on Treasury Securities

About Certificate of Accrual on Treasury Securities:

Certificate of Accrual on Treasury Securities (CATS) are U.S. Treasury issues, sold at a deep discount from face value. A zero-coupon security, CATS pay no interest during their lifetime but return the full face value at maturity. Interest is taxable income when it accrues, even for cash basis owners.


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