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Premium Bond

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.Premium Bond - a government bond that bears no interest or capital gains but enters the holder into lotteries
Britain, Great Britain, U.K., UK, United Kingdom, United Kingdom of Great Britain and Northern Ireland - a monarchy in northwestern Europe occupying most of the British Isles; divided into England and Scotland and Wales and Northern Ireland; `Great Britain' is often used loosely to refer to the United Kingdom
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal


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Premium Bonds are a unique type of product, available exclusively through National Savings.
John Bartlett, prosecuting, said a Premium Bond account with National Savings and Investments was opened in 2001 for Kurt, who was then 11, with pounds 3,000 and another pounds 13,000 was invested later that year.
ONE of the two pounds 1million Premium Bond jackpots is to be replaced by a range of smaller prizes.
 
 
 
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