noun
Meaning 1
A Treasury bond that could be purchased at less than face value, but upon the holder's death could be redeemed for full face value for the purpose of paying federal estate taxes.
Definition source: English Wiktionary via Wiktextract
Usage: US, historical
Topics: business, finance
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided