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treasury bill

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Encyclopedia 0.03 sec.

treasury bill n. a promissory note issued in multiples of $10,000 by the U. S. Treasury with a maturity date of not more than one year. (See: treasury bond, treasury note)



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There are so many alternatives, that ending the one-year Treasury bill is a non-event," said Kenneth Hoffman, a financial consultant with Merrill Lynch in New York.
Meridian recently closed a 10-year fixed rate mortgage of $14 million -- 88% of cost -- at 225 basis points over the 10-year Treasury bill on a 408 unit garden apartment complex.
treasury bill market serves this purpose admirably.
 
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