One of the mysteries of the English language finally explained.
1another term for Premium Bond
2(in the US) a government bond sold to the general public, yielding variable interest.
- ‘Unlike a money market fund, which can usually be cashed in at any time without penalty, you can't withdraw your money from a Savings Bond for the first six months.’
- ‘Purchasing a Savings Bond with an October issue date is key to this strategy.’
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