1. 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; [syn: Treasury bill, T-bill]
WordNet (r) 3.0 (2006):
T-bill
n 1: 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 [syn: Treasury bill, T-bill]