T-bill

/ˌti ˈbɪl/

Other forms: T-bills

Definitions of T-bill

1. noun

   a short-term obligation that is not interest-bearing (it is purchased at a discount); can be traded on a discount basis for 91 days
   synonyms: Treasury bill

   type of:

   Treasury, Treasury obligations

   negotiable debt obligations of the United States government which guarantees that interest and principal payments will be paid on time