Skip to main content
0
Search products
Search
Mugs
Tees
Hoodies
Search products
Search
Chat
Share
Free Shipping
Menu
Mugs
Tees
Hoodies
Back to urbandictionary.com
Pro Customization
Create unique products with your own words and definitions
Preview
Personalize Your Design
Your Word
Your Definition
(FINANCE) a bond issued by the US Department of the Treasury. Unlike longer-term bonds, with regular scheduled [interest] payments, a T-bill is purely [discounted]. In other words, the lender--the person buying the bond--pays a price lower than the face value of the bond. When the bond matures (after, say, 91 days), then the buyer is paid the face value. The yield on the T-bill is usually very low; for example, [yesterday] 13-week T-bill rates were 4.01%. Their price is set at auction.
Text fits
Save
Cancel
🤖
Shopping Assistant
Online
Hey! 👋 I'm your shopping assistant. What are you looking for?
Ask about products
AI-generated responses. Verify claims.