PREMIUM BOND

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A government bond that bears no interest or capital gains but enters the holder into lotteries

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("Premium Bond" is a kind of...):

bond; bond certificate (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)

Domain region:

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)

Credits