treasury bill
noun/ˈtreʒəri bɪl/
/ˈtreʒəri bɪl/
(also informal T-bill)
- a type of investment sold by the US government in which a fixed amount of money is paid back on a certain dateCultureTreasury bills are sold by the US Department of the Treasury to raise money for the government. They are bought for less money than their value, kept for a fixed time, and then sold back to the government for their full value. No interest is paid.
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treasury bill