U.S. TREASURY BILL

U.S. Treasury bill: translation

U.S. government debt with a maturity of less than a year. The New York Times Financial Glossary

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A short-term U.S. government debt instrument with an original maturity of one year or less. Bills are sold at a discount from par with the interest earned being the difference between the face value received at maturity and the price paid. Chicago Board of Trade glossary