Glossary

Treasury Bill

DEFINITION

A Treasury Bill, or T-Bill, is a short-term debt security backed by a government and maturing in one year or less. At maturity, investors receive the full face value.

ELI5

It is like lending money to the government for a short time. When the bill ends, you get back its full face value.

Other related terms

Free Look Period

Learn more

Net Asset Value (NAV)

Learn more

Pre-existing Health Conditions

Learn more

Term Insurance

Learn more