Accounting Dictionary

U.S. Treasury Bills

U.S. Treasury Bills represent money loaned to the United States government for a short period of time.

The U.S. government issues treasury bills for one month, 3 months, or 6 months. The bonds are bought at a discount. That means you might buy a bond for $9950, but in 6 months the government would pay you back $10,000. The extra $50 represents your interest.

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