Having a maturity of one year or less, a Treasury Bill (T-Bill) is a short-term obligation of the United States government guaranteed by the Treasury Department.
Treasury notes are a type of short-term financial security with a one-year or shorter maturity. T-bills are available in a wide range of maturities, although the terms for four, eight, 13, 26 and 52 weeks are the most popular. T-bills are offered for sale at a discount to the bill's face value, or par amount. At maturity, investors are given their full face value. An investor may purchase a T-bill for $950 and get a face value of $1,000 when it matures. Treasury notes are a type of short-term financial security with a one-year or shorter maturity. T-bills are available in a wide range of maturities, although the terms for four, eight, 13, 26 and 52 weeks are the most popular.
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