Business, Legal & Accounting Glossary
Short-term debt issued by the U.S. Treasury with a maturity of up to 50 days. Cash management bills are sold in denominations of $1 million, and are often purchased by money market managers. A cash management bill is an alternative to Treasury Notes and Treasury Bills, and allows the government to make up for cash shortages.
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This glossary post was last updated: 20th November, 2021 | 0 Views.