Treasury bill

or treasury bill

noun

1. an obligation of the U.S. government represented by promissory notes in denominations ranging from $1000 to $1,000,000, with a maturity of about 90 days but bearing no interest, and sold periodically at a discount on the market.

Treasury bill

noun

1. a short-term noninterest-bearing obligation issued by the Treasury, payable to bearer and maturing usually in three months, within which it is tradable on a discount basis on the open market

Word History and Origins

Origin of Treasury bill¹

First recorded in 1790–1800

Example Sentences

The sub-treasury, or independent treasury bill passed the house of representatives in congress, by a vote of 124 to 105.

From Project Gutenberg

It was at this session that the sub-treasury bill was passed.

From Project Gutenberg

The independent treasury bill was defeated in the House by 120 to 106.

From Project Gutenberg

At this session the independent or sub-treasury bill was again introduced, and again a titanic battle was waged in the Senate.

From Project Gutenberg

It has been discovered that bank influence has defeated the Sub-Treasury bill.

From Project Gutenberg