Treasury Bill

Definition

A negotiable debt obligation issued by the U.S. government and backed by its full faith and credit, having a maturity of one year or less. Exempt from state and local taxes. also called Bill or T-Bill or U.S. Treasury Bill.

Use Treasury Bill in a sentence

You may find that a treasury bill will be a good way for you to hold on to some cash for a while.

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The treasury bill was attractive to us because we wanted to have a tax free security included as part of our portfolio.

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The elderly man was looking for a safe investment with guaranteed interest and low risk of loss so I suggested he invest in treasury bills.

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fixed-dollar obligations basis rate swap