Treasury bill

A Treasury bill (T-bill) is a short-term government debt security issued by the U.S. Treasury to fund national expenses. It’s sold at a discount to its face value and doesn’t pay regular interest. When it matures, investors receive the full face value; the difference between the purchase price and face value represents the interest earned. T-bills are considered very safe investments because they are backed by the government. They typically have maturities ranging from a few weeks up to a year and are often used for short-term savings or cash management.