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U.S. treasury bills

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

Federal government securities sold at a discount (because of no interest payments) with maturity dates of less than one year.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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