Treasurer Bill
By izra4u
@izra4u (1)
Nigeria
1 response
@coolme_kiran (992)
• India
10 Oct 06
Treasury bill
Treasury bills (or T-bills) mature in one year or less. They are like zero coupon bonds in that they do not pay interest prior to maturity; instead they are sold at a discount of the par value to create a positive yield to maturity. Treasury bills are considered by many to be the most risk free investment.