Treasury bill


Treasury bill
A Treasury bill is a short-term U.S. government obligation with an original maturity of one year or less. Unlike a bond or note, a bill does not pay a semi-annual, fixed rate coupon. A bill is typically issued at a price below its par value and is therefore a discounted instrument. The level of the discount depends on the level of prevailing interest rates. In general, the higher short-term interest rates are, the greater the discount. The return to an investor in bills is simply the difference between the issue price and par value. Chicago Board of Trade glossary

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Treasury bill Treasury bill bill1

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   Short-term government security issued in domestic currency with maturities not exceeding one year and therefore considered to be a money market instrument. Treasury bills are sold at a discount from par and do not carry a coupon.

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Treasury bill UK US (also treasury bill) noun [C] (also T-bill) FINANCE, GOVERNMENT
a form of borrowing by a national government, especially the US government, for a period of time of less than one year on which interest is paid at the end of the borrowing period: »

The 91-day treasury bill rate this year will average 8.5%, up from 5.5% last year.


Financial and business terms. 2012.

Look at other dictionaries:

  • treasury bill — see bill 7 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. treasury bill n. A pr …   Law dictionary

  • Treasury bill — also T bill informal an American government ↑bond. Treasury bills are sold to raise money for the government and usually bought by large financial institutions around the world …   Dictionary of contemporary English

  • treasury bill — ☆ treasury bill n. 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 …   English World dictionary

  • treasury bill — treasury ,bill noun count BUSINESS a type of investment consisting of a document that is sold by a government, especially the U.S. government, at a particular price, then bought back by the government later for a higher price …   Usage of the words and phrases in modern English

  • Treasury bill — noun a short term obligation that is not interest bearing (it is purchased at a discount); can be traded on a discount basis for 91 days • Syn: ↑T bill • Hypernyms: ↑Treasury, ↑Treasury obligations * * * ˈtreasury bill 7 [treasury bill] …   Useful english dictionary

  • 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. Also, treasury… …   Universalium

  • Treasury Bill — Un T Bill ou Treasury bill (billet du trésor) est une obligation à court terme émise par le gouvernement américain, et dont la maturité est d’un an ou moins. Ils équivalent aux BTF de l Etat français. Sur le même modèle que les obligations zéro… …   Wikipédia en Français

  • Treasury bill — A bill of exchange issued by the Bank of England on the authority of the UK government that is repayable in three months. They bear no interest, the yield being the difference between the purchase price and the redemption value. The US Treasury… …   Big dictionary of business and management

  • treasury bill — Short term obligations of the federal government. Treasury bills are for specified terms of three, six and twelve months. An obligation of the U.S. Treasury with a maturity date less than one year from the date of issue and bearing no interest… …   Black's law dictionary

  • treasury bill — T bill A *short term, U.S. federal government debt instrument. T bills are considered to be virtually *risk free, and they carry low *yields. See also *Treasury bond …   Auditor's dictionary


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