These resources are brought to you by the Cooperative Extension System and your Local Institution

Personal Finance Home

Have a question? Try asking one of our Experts

Government Securities

Last Updated: November 15, 2006

View as web page


An IOU issued by the U.S. Treasury in order to borrow money. Owners of these IOUs receive fixed interest payments from the treasury until the IOU is repaid at a given date in the future. Government securities come in three types. Treasury Bills are short-term IOUs that are repaid within a year or less. Treasury Notes are medium-term IOUs that are repaid within 1-10 years. Treasury Bonds are long-term IOUs that are repaid after 10 years or more.

Browse related Articles by tag: personal finance, glossary, financial security: saving and investing


Have a specific question? Try asking one of our Experts

Unlike most other resources on the web, we have experts from Universities around the country ready to answer your questions.