Dictionary
- Treasury Bill (T-bill)
- A negotiable debt obligation issued by the U.S. government and backed by its full faith and credit, having a maturity of one year or less. Exempt from state and local taxes. Also called Bill or T-Bill or U.S. Treasury Bill.
- Trough
- A low point or local minimum.
- Two Way Quote
- When a dealer quotes a bid and ask price for foreign exchange transactions to a customer.
- Unemployment Rate
- Refers to the unemployed labour force expressed as a percentage of the total labour force.
- Unit
- A quantity generally accepted as a standard for exchange. A combination of multiple securities, such as common stock and warrants, sold together as a single product. A corporation, for example, might issue a security that consists of one common share and one warrant that sells as a unit.