Treasury Bills definition
Treasury Bills. Direct obligations of the United States.
Treasury Bills or “T-bills” means short-term debt securities issued or guaranteed by federal, provincial or other governments. T-bills are issued at a discount and do not pay any interest. The return on a T-bill is the difference between the price you pay and its “face” or par value.
Treasury Bills. The term "
Examples of Treasury Bills in a sentence
This annual rate is defined as the rate of interest as of the first day of each month for 10-year U.S. Government Treasury Bills plus an all-in spread of 65 basis points (0.65 percentage points) with this total carrying costs annual rate not exceed 6%.
Any claim for interest payable will be at the then-published rate for United States Treasury Bills having a maturity of 91 days.
Floating rate notes must reprice daily, weekly, monthly or quarterly and utilize a standard repricing index such as LIBOR, Treasury Bills, commercial paper or Federal funds.
The day of the week in which the Reset Date falls on which Treasury Bills would normally be auctioned or, if no auction is held for a particular week, the first Business Day of that week.
Escrow Agent shall invest the ▇▇▇▇▇▇▇ Money Deposit in insured money market accounts, certificates of deposit or United States Treasury Bills, provided that such investments are federally issued or insured.
More Definitions of Treasury Bills
Treasury Bills. Norwegian treasury bills (No: Statskasseveksler) issued in Norwegian kroner (NOK) with a term (time to maturity) of up to one year at their first issue date, denominated in units of NOK 1000 and with a zero-coupon (as described in Section 1 of the General Terms and Conditions).
Treasury Bills means securities issued by the Government of the United States of America, having maturities of not more than one year from the date of acquisition, for which the full faith and credit of the Government of the United States of America is pledged to provide for the payment thereof.
Treasury Bills shall have the meaning specified in Section 206(b)(6) hereof. "Treasury Rate" shall have the meaning specified in Section 206(b)(6) hereof. "Weekly Rate Period" shall have the meaning specified in Section 204(e)(1) hereof.
Treasury Bills means (a) book-entry United States Treasury bills (i) held in a Participant's Securities Account (as defined in 31 C.F.R. (S)357.2) with the Federal Reserve Bank of New York pursuant to the Treasury/Reserve Automated Debt Entry System and (ii) maturing no later than the Business Day preceding December 31, 1997 and (b) securities entitlements in respect of United States Treasury bills referred to in (a) above.
Treasury Bills means debt obligations of the Government that have a maturity period not exceeding one year and that are issued at a discount to their face value;
Treasury Bills means direct obligations of the United States. The term “Treasury Rate” for a particular Floating Rate Note, unless otherwise indicated in the applicable Company Order, shall mean, with respect to any Treasury Rate Interest Determination Date, the rate from the auction held on such Treasury Rate Interest Determination Date (the “Auction”) of Treasury Bills having the Index Maturity specified in the applicable Company Order under the caption “INVESTMENT RATE” on the display on Moneyline Telerate (or any successor service) on page 56 (“Moneyline Telerate Page 56”) or page 57 (“Moneyline Telerate Page 57”) or, if not so published by 3:00 P.M., New York City time, on the related Calculation Date, the auction average rate of such Treasury Bills (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) as otherwise announced by the United States Department of the Treasury. In the event that the results of the Auction of Treasury Bills having the Index Maturity specified in the applicable Company Order are not so published by 3:00 P.M., New York City time, on the related Calculation Date, or if no such Auction is held, then the Treasury Rate shall be the rate (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) on such Treasury Rate Interest Determination Date of Treasury Bills having the Index Maturity specified in the applicable Company Order as published in H.15(519) under the caption “U.S. Government Securities/Treasury Bills/Auction High” or, if not yet published by 3:00 P.M., New York City time, on the related Calculation Date, the rate on such Treasury Rate Interest Determination Date of such Treasury Bills as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, under the caption “U.S. Government Securities/Treasury Bills/Auction High.” If such rate is not yet published in H.15 Daily Update or another recognized electronic source, then the Treasury Rate shall be calculated by the Calculation Agent and shall be a yield to maturity (expressed as a bond equivalent on the basis of a year of 365 or 366 days, as applicable, and applied on a daily basis) of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 P.M., New York City time, on such Treasury Rate Interest Determination Date, of three leading primary United States government securitie...
Treasury Bills shall have the meaning specified in Section 206(b)(6) hereof.