Treasury Bills

Definition

  • Short-term government obligations that are payable to the bearer and sold on a discount basis; the difference between a T-bill's market or discounted price and its face or redemption value is effectively interest if the T-bill is held to maturity.

Synonyms
t-bill, debt obligation bill

Alternate Spellings
Tbills, T-bill, T-bills, Tbill

Related Terms and Acronyms

  • Investment Banking (IBK) Acronym,
    • Bank operations that manage a bank's funding position, as well as its holdings of Treasury bills, bonds and preferred and common stock.
  • Maturity Definition,
    • The date when the principal balance of a loan is due and payable to the lender. Also, the date when a bond pays off its principal.
  • Money Market Mutual Fund (MMMF) Acronym,
    • A mutual fund that invests in short-term debt instruments such as Treasury bills, commercial paper, and large CDs. Also referred to as money market fund (MMF).
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