One of the mysteries of the English language finally explained.
A bond issued by the government and sold to the general public.
- ‘Purchasing a Savings Bond with an October issue date is key to this strategy.’
- ‘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.’
savings bond/ˈsāviNGz bänd/
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