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treasury bill [t-bill]

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Short-term (usually less than one year, typically three months) maturity promissory note issued by a national (federal) government as a primary instrument for regulating money supply and raising funds via open market operations.
(Read more: http://www.businessdictionary.com/definition/treasury-bill-T-bill.html#ixzz2VzXAVDGd)

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