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Treasury bill

noun

Definitions

Noun
  1. 1
    A government obligation, sold at a discount, maturing in one year or less, and pay no interest prior to maturity.
  2. 2
    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 wordnet

Etymology

From Treasury (“the US Treasury”) + bill.

See also for "treasury bill"

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