The purchase by the Federal Reserve (Fed) of Treasury bills in the open market from dealers. A bill pass injects money into the monetary system because the Fed pay cash to the sellers of the bills.
bill pass - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"bill pass." YourDictionary, n.d. Web. 17 October 2018. <http://www.yourdictionary.com/bill-pass>.
APA Style
bill pass. (n.d.). Retrieved October 17th, 2018, from http://www.yourdictionary.com/bill-pass
