cash management bill Finance Definition
A short-term, fixed-income security issued by the U.S.
Treasury to cover cash needs for a very short period of time. Cash management
bills may be issued before income tax payments
are received, or before the government has to make a large payment of
some sort. Cash management bills range in duration from as little as four days
to several months. They are issued on an as-needed basis, in contrast to a
regular schedule that the Treasury follows for issuing its other bills and
notes.
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