National Savings Certificate
- National Savings Certificate
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n
(in Britain) one of the types of investment (= plan for investing money) offered by National Savings. People buy the Certificates for a fixed period, usually five years, and at the end of the period receive the amount paid plus interest. National Savings Certificates were introduced in 1916 as a way for the government to borrow extra money during World War I.
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Universalium.
2010.
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