English

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Alternative forms

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Etymology

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From Treasury (the US Treasury) + bill.

Noun

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Treasury bill (plural Treasury bills)

  1. (finance) A government obligation, sold at a discount, maturing in one year or less, and pays no interest prior to maturity.

Usage notes

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  • Originally used in reference to US government obligations, the term is used to refer to similar securities issued by any national sovereign.

Synonyms

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Translations

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