TREASURY BILL


Meaning of TREASURY BILL in English

( also infml T-bill ) n

a type of US government bond (= official paper sold with the promise to pay the money back on a certain date). Treasury 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.

Oxford guide to British and American culture English vocabulary.      Руководство по британской и американской культуре, Оксфордский английский словарь.