Noun
Treasury bill (plural Treasury bills)
(finance) A government obligation, sold at a discount, maturing in one year or less, and pays no interest prior to maturity.
Furthermore, the benchmark 91-day Treasury bill rate rose by 35 basis points (bps) in the second quarter of 2009 to 25.84% compared with an increase of 83bps in the first quarter. Source: Internet
The yield on the benchmark three-month Treasury bill, for example, has more than doubled over the past year to over 1.7 percent, according to Bloomberg data. Source: Internet