Treasury bills

Definition: [crh] Debt obligations of the US Treasury that have maturities of one year or less. Maturities for T-bills areDefinition: usually 91 days, 182 days, or 52 weeks. Treasury bills are sold at a discount from face value and do not pay interest before maturity. The interest is the difference between the purchase price of thDefinition: e bill and the amount that is paid to you either at maturity (this amount is the face value) or when you sell the bill prior to maturity.

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