Treasury Bill - Definition - Law Dictionary Home Dictionary Definition treasury-bill

Definition :

Treasury Bill, means a short-term debt security issued by the federal government, with a maturity of 13, 26 or 52 weeks, Black's Law Dictionary, 7th Edn., p. 1507.

Treasury Bills are bills issued by the Treasury payable not later than twelve months after date. (English) Treasury Bills Act, 1877. See FUNDS; EXCHEQUER BILLS.