Treasury Bills

Also known as T-Bills, these are short-term debt obligations issued by the U.S. government.  These bills mature in one year or less and do not make fixed interest payments. T-Bills are issued at a discount from face value and return the face amount at maturity. Treasury bills are backed by the U.S. government, which makes the investment virtually riskless.

Synonyms:
T-Bills
« Back to Glossary Index