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Glossary of Social Security Disability Law Terms

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Treasury bonds: Funds in the Social Security trust fund that are not used for paying current benefits and expenses are required by law to be invested in U.S. Treasury securities. These securities pay market-based interest to the trust funds.

Trust funds: Accounts run by the Treasury Department that take in payments to the Social Security system, pay benefits and administer the program.

Trustees: The board of four government officials and two citizen representatives that manages the Social Security Trust Funds.