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Treasury bill

Treasury bill

4 4.6
A short-term government loan sold for less than its value and repaid at full value without interest
  • noun
  • /ˈtrɛʒəri bɪl/
  • Specialized
translation icon : letra del Tesoro
  • Many people prefer to invest in Treasury bills rather than stocks for their stability and low risk.
  • U.S. Treasury bills
  • Treasury bill auctions

Can you walk through the steps where we say goodbye to the dollar, to the treasury bills?

Examples

  • Well, remember that treasury bills don't have any default risk, at least as far as we know.

  • Investors often choose Treasury bills because they are considered a safe and reliable investment.

  • That means a lot of people are out there buying Treasury bills now, probably as we speak.

  • If China simply stops buying U.S. Treasury bills at the same pace as it has been, it could damage the U.S. economy.

    Academic text (2007)
  • When investors fled to safety, they fled to U.S. Treasury bills.

    Academic text (2009)
  • How much money are they allocating to cash plus treasury bills compared to history?

  • Average yield for a one-year treasury bill rose to 5.28 last week.

  • ASME pooled investments consist of mutual funds, bonds and notes, common and preferred stock, U.S. Treasury bills, and money market funds.

    Academic text (2001)
  • Floating the Egyptian pound and initiating treasury bill auctions brought some $14 billion in reserves into the central bank coffers.

    Academic text (1993)
  • One outgrowth of this monetary strategy was the weekly auction of Treasury bills, which is now a major tool for regulating money and credit, and for financing the fiscal deficit.

    Academic text (1995)

Synonyms

government bond
vsTreasury bill
  • Specialized
14 2.7

A loan to a government that pays interest over time and is usually safe

is a short discounted security maturing within a year without periodic interest
T-bill
vsTreasury bill
  • Specialized
5 6.9

A short-term loan to the U.S. government that you buy for less and the government repays within one year

is the general short-term government security not limited to one country

How Long

Treasury bond
  • Specialized
10 4.9
Treasury note
  • Specialized
3 6.5
Treasury bill
  • Specialized
4 4.6

Surface Forms

Treasury bill singular

Morphology

Treasury + bill

The compound 'Treasury bill' is partly compositional: a B1 learner who knows 'Treasury' (government finance) and 'bill' (a financial document) can infer it's a government financial paper. However, the specific technical sense — a short-term discounted government security redeemable at face value with no interest — is specialized and not fully predictable from the common word meanings, so learners would likely only get a vague idea without prior exposure.

Etymology

Treasury bill comes from the image of the government's treasury, its money chest, issuing a small paper bill that promises to pay later. It is literally a government 'IOU' you buy for less now and later get the full amount, so the name explains why it is a short government loan.