Non-interest-bearing. Bearing or paying no interest. The money issued by the United States
government, since the government pays no interest on it, is a non-interest-bearing obligation ; the
bonds issued by the United States government, since the government pays interest on them, are
interest-bearing obligations.
government, since the government pays no interest on it, is a non-interest-bearing obligation ; the
bonds issued by the United States government, since the government pays interest on them, are
interest-bearing obligations.
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