Treasury bill

Or treasury bill

noun

1. 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.

Treasury bill

noun

1. 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

Word History and Origins

Origin of Treasury bill¹

First recorded in 1790–1800

Example Sentences

Wells Fargo economists expect the Federal Reserve will start buying $25 billion a month in short-term Treasury bills beginning in April, or potentially even sooner.

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Even the Treasury’s pivot toward heavier Treasury bill financing points to a world in which market structure, regulation, and innovation are quietly being marshaled to sustain an ever-larger debt load.

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It increased the appeal of gold relative to other safe haven assets like Treasury bills and high-yield savings that were expected to yield less.

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Sizes of short-term debt, or Treasury bills, are expected to be modestly reduced in December given projections of corporate taxes and then increased in January.

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Short-term Treasury bills are suitable if you need to access the money in the near term.

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