T-bills

en
en
Change language
Translating...
Find language
Français
French
Español
Spanish
Deutsch
German
Português
Portuguese
Русский
Russian
/ˈtiː ˌbɪlz/
Add to My Dictionary
In My Dictionary
+1
Short-term Treasury debt securities used as low-risk, cash-like investments and quoted closely with money-market rates.

Examples

  • The investor bought T-bills to keep cash in a low-risk place.
  • New T-bills are sold through regular Treasury auctions.
  • She holds T-bills that mature in three months.
  • The T-bill rate rose after investors expected tighter policy.
  • At maturity, the T-bills paid their face value.

Similar words

money-market instruments
Treasury securities
short-term Treasury securities
government bills
Treasury bills

Meanings

Usage

Use T-bills for the plural abbreviation and T-bill for the singular. In formal writing, spell out Treasury bills at first mention if the audience may not know the abbreviation.

Common mistakes

The hyphen is dropped in forms like T bills, and the plural T-bills is sometimes used where singular T-bill is needed.

Etymology

From the initial T of Treasury plus bill, shortened from Treasury bill in financial use.

FAQ

What does T-bills stand for?

T-bills stands for Treasury bills.

Are T-bills the same as Treasury bonds?

No. T-bills mature in one year or less, while Treasury bonds are long-term securities.

Do T-bills pay coupon interest?

No. T-bills do not pay regular coupon interest. The return usually comes from buying below face value and receiving face value at maturity.

What is the singular form of T-bills?

The singular form is T-bill.

Who issues T-bills?

The U.S. Department of the Treasury issues T-bills.

Comments & contributions

Know this word from another angle? Add a correction, a nuance, or a usage note. New posts go public after a quick review.
Posting as a guest · Sign in
No comments yet. Be the first to add one.
Look up word or phrase...