Money Markets

Treasury Bill

Definition

What is Treasury Bill?

A short-term government debt instrument usually issued at a discount and repaid at face value.

Example in practice

An investor buys a 364-day Treasury bill below par and receives face value at maturity.

Keep learning

Short-term unsecured debt issued by a company.

A time deposit or tradable bank instrument that pays interest over a stated term.

A time draft guaranteed by a bank, commonly used to finance trade.

A portfolio of debt instruments with maturities spread across regular intervals.

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