Definition of treasury note

intermediate-term, coupon bearing U.S. Treasury securities having initial maturities of less than ten years and issued in enominations of $1,000 or more, depending on the maturity of the issue. Notes pay interest semiannually, and the principal amount is payable at maturity.

intermediate-term (one to 10 years) obligation of the U.S. government that bears interest paid by coupon. Like all direct U.S. government obligations, Treasury notes carry the highest domestic credit standing and thus have the lowest taxable yield available at equivalent maturity.