Tax anticipation bill

A tax anticipation bill is a short-term United States Treasury note that sells at a discount to its face value. The note is then redeemed by the government at its face value on its maturity date. The investor then uses the proceeds to pay down an income tax liability. Those interested in investing in tax anticipation bills are usually large corporations, as well as individuals with significant tax liabilities.

Related Courses

Governmental Accounting 
Treasurer's Guidebook