Treasury bill
Definitions
Accounting
- noun a short-term financial instrument which does not give any interest and is sold by the government at a discount through the central bank. In the UK, their term varies from three to six months, in the US, they are for 91 or 182 days, or for 52 weeks.
Economics
- noun a short-term bill of exchange which does not give any interest and is sold by the government at a discount through the central bank. In the UK, the term varies from three to six months; in the USA, Treasury bills are for 91 or 182 days, or for 52 weeks. In the USA they are also called Treasuries or T-bills.
Business
- abbreviationT-bill (written as treasury bill)
