Treasury bills

Debt obligations of the U.S. Treasury that have maturities of one year or less. Maturities for T-bills are usually 91 days, 182 days, or 52 weeks. The New York Times Financial Glossary
Short-term obligations issued by the U.S. Treasury. Bills are issued for maturities of one year or less. They do not pay interest but are issued on a discount basis instead. American Banker Glossary
debt obligations of the US Treasury that have maturities ( maturity) of one year or less. Maturities for T-bills are usually 91 days, 182 days, or 52 weeks. Treasury bills are sold at a discount from face value and do not pay interest before maturity. The interest is the difference between the purchase price of the bill and the amount that is paid to you either at maturity (this amount is the face value) or when you sell the bill prior to maturity. Bloomberg Financial Dictionary
Also known as T-bills. When issued by the UK government the usually have a maturity of 91 days. They pay no interest and hence are issued at a discount to nominal value. The minimum nominal value of UK T-bills is £5,000. They are usually denominated in sterling but may also be denominated in ECUs. They are also issued by governments in other countries, such as the US government in the USA. Dresdner Kleinwort Wasserstein financial glossary
Short-term obligations of a government issued for periods of one year or less. Treasury bills do not carry a rate of interest and are issued at a discount on the par value. Treasury bills are repaid at par on the due date. Exchange Handbook Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • Treasury Bills — (engl., spr. tréschĕrĭ ), s. Exchequer Bills …   Meyers Großes Konversations-Lexikon

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  • Treasury security — Treasury securities are government bonds issued by the United States Department of the Treasury through the Bureau of the Public Debt. They are the debt financing instruments of the U.S. Federal government, and they are often referred to simply… …   Wikipedia

  • 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 — 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 — 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… …   Financial and business terms

  • Treasury bill tender — A weekly sale of Treasury bills to UK discount houses by the Bank of England. The cost of the bills is set by the Treasury bill tender rate …   Big dictionary of business and management

  • 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 Index — An index based on the auctions of U.S. Treasury bills, or on the U.S. Treasury s daily yield curve. It is commonly used in determining mortgage rates for mortgages with an unfixed component and as a performance benchmark for investors in the… …   Investment dictionary

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