year bill

(redirected from Year Bills)

Year Bill

A U.S. Treasury security with a maturity of one year. The Treasury Department sets auctions for year bills each month.

year bill

A 12-month U.S. Treasury bill. Unlike 13- and 26-week Treasury bills, which are auctioned weekly, year bills are auctioned only once a month.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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