Investment Terms: U
Description
This article is from the Investment
Terms.
Investment Terms: U
- Underlying Futures Contract:
The specific futures
contract that is bought or sold by exercising an option.
- U.S. Treasury Bill:
A short-term U.S. government debt
instrument with an original maturity of one year or less. Bills are
sold at a discount from par with the interest earned being the
difference between the face value received at maturity and the price
paid.
- U.S. Treasury Bond:
Government-debt security with a
coupon and original maturity of more than 10 years. Interest is paid
semiannually.
- U.S. Treasury Note:
Government-debt security with a
coupon and original maturity of one to 10 years.
 
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