Treasury Bill

Treasury Bill

Treasury Bill means:
a U.S. government promissory note (T-Bill) issued by the U.S. Treasury and having a maturity period of up to 1 year. Treasury bills are sold at a discount to face value, which is paid at maturity. The difference is the income to the owner, which is taxable by the Federal Government, but not by a state.


Posted

in

by

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *