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English definition of “Treasury bill”

Treasury bill

noun [C] (also treasury bill)
 
 
(also T-bill) FINANCE, GOVERNMENT
a form of borrowing by a national government, especially the US government, for a period of time of less than one year on which interest is paid at the end of the borrowing period: The 91-day treasury bill rate this year will average 8.5%, up from 5.5% last year.
(Definition of Treasury bill from the Cambridge Business English Dictionary © Cambridge University Press)
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