Business, Legal & Accounting Glossary
A US TreaTreasury bill is a short-term bond sold by the US government to finance its operations. A US TreaTreasury bill has a maturity of less than one year. The US TreaTreasury bill is sold through a competitive bidding process and is sold at a discount. The appreciation of the bill as it matures provides the investment return, in lieu of periodic interest payments. Income from a US TreaTreasury bill is exempt from one’s state and local taxes. The US TreaTreasury bill is backed by the full faith and credit of the US government. It is considered the safest of all US government securities; in fact, for comparisons of risk, the US TreaTreasury bill is often considered to be risk-free.
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This glossary post was last updated: 5th February, 2020