The degree to which trade and quotation information is available to the public on a current basis.
Treasury bills
Short-term obligations of a government issued for periods of one year or less. Treasury bills do not carry a rate of interest and are issued at a discount on the par value. Treasury bills are repaid at par on the due date.
Treasury bonds
Government obligations with maturities of 10 years or more.
Treasury notes
Government obligations with maturities greater than one year but less than 10 years.
Treasury stock
Previously issued stock that has been repurchased by, or donated to, or otherwise reacquired by the issuing firm. Treasury stocks pay no dividends and have no voting privileges.
Triple-witching
The simultaneous expiry of index futures, index options and individual stock options.
Turnover
The total money value of securities traded, as calculated by multiplying price by the number of securities traded.
