Treasury bill
Treasury bill · Treasury bills
A government obligation, sold at a discount, maturing in one year or less, and pay no…A government obligation, sold at a discount, maturing in one year or less, and pay no interest prior to maturity.
Meaning
1 sensesA government obligation, sold at a discount, maturing in one year or less, and pay no interest prior to maturity.
a short-term obligation that is not interest-bearing (it is purchased at a discount); can be traded on a discount basis for 91 days
Origin
From Treasury (“the US Treasury”) + bill.From Treasury (“the US Treasury”) + bill.
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