Premium Bond

Premium Bond
(also Premium Savings Bond) n
(in Britain) a document with a number on it which can be bought from the government and which offers a chance of winning money as a prize every month. Unlike National Lottery tickets the Premium Bonds can be sold back to the government at any time. They were introduced in 1956 as a way of encouraging people to save money.
See also Ernie.

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Universalium. 2010.

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Look at other dictionaries:

  • Premium Bond — (also Premium Savings Bond) ► NOUN ▪ (in the UK) a government security offering no interest or capital gain but entered in regular draws for cash prizes …   English terms dictionary

  • premium bond — index coupon Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • premium bond — premium .bond n a document that you buy from the government in Britain, which gives you the chance to win a large amount of money each month …   Dictionary of contemporary English

  • Premium Bond — A Premium Bond is a lottery bond issued by the United Kingdom government s National Savings and Investments scheme. The government promises to buy back the bond, on request, for its original price.Premium Bonds were introduced by the government… …   Wikipedia

  • Premium Bond — 1) A bond that is trading above its par value. A bond will trade at a premium when it offers a coupon rate that is higher than prevailing interest rates. This is because investors want a higher yield, and will pay more for it. 2) A specific type… …   Investment dictionary

  • Premium bond — A bond that is selling for more than its par value. The New York Times Financial Glossary * * * Premium Bond ˈPremium ˌBond noun [countable usually plural] FINANCE a numbered document that you buy from the government in Britain, which gives you… …   Financial and business terms

  • premium bond — A bond that is selling for more than its par value. Bloomberg Financial Dictionary * * * Premium Bond ˈPremium ˌBond noun [countable usually plural] FINANCE a numbered document that you buy from the government in Britain, which gives you the… …   Financial and business terms

  • premium bond — UK / US noun [countable] Word forms premium bond : singular premium bond plural premium bonds in the UK, a document with a number on it that people can buy from the government as a way of saving money. It gives people the chance to win money if… …   English dictionary

  • premium bond — premium bonds N COUNT In Britain, premium bonds are numbered tickets that are sold by the government. Each month, a computer selects several numbers, and the people whose tickets have those numbers win money …   English dictionary

  • Premium Bond — (also Premium Savings Bond) noun (in the UK) a government security offering no interest or capital gain but entered in regular draws for cash prizes …   English new terms dictionary

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