TREASURY CERTIFICATE Definition

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TREASURY CERTIFICATE is a U. S. Treasury security usually issued at par with a specified rate of interest and a maturity of one year or less. It is issued payable to the bearer and sold in minimum amounts of $l0,000.

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SHARE PREMIUM is the difference between the higher price paid for a share of stock and the stocks par value when issued.

INBR see INCURRED BUT NOT REPORTED; could also mean Insurance Broker.

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