Treasury Bill Definition
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.
Webster's New World
A short-term promissory note issued by the federal government with a maturity of.
Webster's New World Law
Months,
Webster's New World Law
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.
Webster's New World Law
Synonyms:
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