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Finance Dictionary and Glossary of Investment Terms
Treasury Bill
Definition 1.
A negotiable debt obligation issued by the U.S. government and backed by its full faith and credit, having a maturity of one year or less. Exempt from state and local taxes. also called Bill or T-Bill or U.S. Treasury Bill.
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Definition 2.
A Treasury security of one year or less in duration. T-bills are sold in minimum denominations of $10,000.
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