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Treasury bill

or treasury bill

an obligation of the U.S. government represented by promissory notes in denominations ranging from $1000 to $1,000,000, with a maturity of about 90 days but bearing no interest, and sold periodically at a discount on the market.
Origin of Treasury bill
First recorded in 1790-1800 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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British Dictionary definitions for treasury bills

Treasury bill

a short-term noninterest-bearing obligation issued by the Treasury, payable to bearer and maturing usually in three months, within which it is tradable on a discount basis on the open market
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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treasury bills in Culture
Treasury bills (T-bills)

Securities issued by the U.S. government. T-bills normally have fixed terms; that is, the purchaser cannot take possession of the accrued interest for a fixed period of time after purchase. T-bills are auctioned by the Treasury each week; the auction determines the six-month interest rate.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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