TREASURY BILL

TREASURY BILL

Treasury bill. A short-term debt security issued by the federal government, with a maturity of 13, 26, or 52 weeks. ? These bills ¡ª auctioned weekly or quarterly ¡ª pay interest in the form of the difference between their discounted purchase price and their par value at maturity. ¡ª Abbr. T-bill. [Cases: United States 89. C.J.S. United States ¡ì¡ì 165¨C166.]
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