TREASURY BILL (T-BILL) is a government security that matures in one year or less. They are zero-coupon bonds that are sold at a discount of the par value to create a positive yield to maturity. Treasury bills are considered by many the most risk free investment. Treasury Bills are commonly issued with maturity dates of 91 days, 6 months, or 1 year.
UNDERWRITING is to protect by insurance or to guarantee the financial support of the subject item.
BILLINGS IN EXCESS OF COSTS see COST IN EXCESS OF BILLINGS.
Enter a term, then click the entry you would like to view.