Definition:
There are short-term securities on bearer issued by State Treasury. Issuer confirms by this the loan borrowing and pledges to repay this loan. Treasury bonds are issued with the maturity term on a period from 1 to 52 weeks. Treasury bonds are issued for financing the budget deficit and admissible issue volume on year is defined in the State Budget Act. Bonds have been purchased usually by companies (domestic and foreign) and often by banks.