Definitions for "Treasury notes"
Mature in two to 10 years. Interest is paid twice a year and they can be purchased in denominations of $1,000.
Medium government bonds with maturities of two to 10 years.
Treasury notes are backed by the full faith and credit of the U.S. Government and are coupon-bearing securities with initial maturities ranging between one and ten years. They pay accrued interest twice a year and repay principal at maturity. T-notes are exempt from state and local taxes; they're available with two- and three-year maturities for a minimum of $5,000 and in multiples of $1,000 thereafter. Notes with four- to ten-year maturities are sold for a minimum and multiple of $1,000.