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- Composed of various trust monies invested on behalf of Arizona's state agencies, as well as local governments. Liquidity needs are greater, as these monies are used for agency operations. Therefore, securities purchased with these monies tend to have shorter maturities. Principal and interest are deemed expendable as directed by Arizona Revised Statutes.
Office of the Arizona State Treasurer - Cite This Source - This Definition
- bp (Basis Point), Endowment Funds, Moody\'s Corporate Ratings, Moody\'s Investors Service, Moody\'s Short-term Debt Ratings, Operating Monies, S\&P (Standard and Poor\'s), yield, Yield Curve, Yield to Maturity