GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Treasury Bills


Synonyms:debt obligation bill, t-bill
Filed Under: financial-banking, investments
Tags: banking, investment
 

Definition of treasury bills

treasury bills
1. Short-term government obligations that are payable to the bearer and sold on a discount basis; the difference between a T-bill's market or discounted price and its face or redemption value is effectively interest if the T-bill is held to maturity.

Related Terms and Acronyms:

  • investment banking (IBK)   Bank operations that manage a bank's funding position, as well as its holdings of Treasury bills, bonds and preferred and common stock.
  • maturity   The date when the principal balance of a loan is due and payable to the lender. Also, the date when a bond pays off its principal.
  • money market mutual fund (MMMF)   A mutual fund that invests in short-term debt instruments such as Treasury bills, commercial paper, and large CDs. Also referred to as money market fund (MMF).

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