Also found in: Thesaurus, Legal, Financial, Acronyms, Wikipedia.
Related to Treasury bill: commercial paper
A short-term obligation of the US Treasury having a maturity period of one year or less and sold at a discount from face value.
(Banking & Finance) 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
a promissory note issued by the U.S. government, bearing no interest and maturing in one year or less.
Switch to new thesaurus
|Noun||1.||Treasury bill - 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|