bill pass

bill pass definition - finance
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.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.