treasury bill Hear it!

treasury bill Definition

treasury bill

noun

☆ a short-term obligation of the U.S. Treasury, maturing in one year or less, bearing no interest and sold periodically on the open market on a discount basis

treasury bill Law Definition

n

  1. A short-term promissory note issued by the federal government with a maturity of
  2. months,
  3. months, or one year. Treasury bills are sold at a discounted rate and attain full face value upon maturity. See also treasury bond and treasury note.
treasury bill Usage Examples

Converse of object

  • purchase: This father's day to fill revenue shortfalls purchase only treasury bills.

Adjective modifier

  • only: This father's day to fill revenue shortfalls purchase only treasury bills.