government bond

noun [C] GOVERNMENT, FINANCE

Definition

› an amount of money borrowed by a government, or the official document relating to this: We invested the extra money in government bonds.intermediate-/long-term government bonds Investors sold their stocks and chose the safety of long-term government bonds. 10-/20-/30-year government bondsreturns/yields on government bonds The price of fixed-rate loans has been steadily rising, reflecting the rising yields on government bonds.

(Definition of government bond noun from the Cambridge Business English Dictionary © Cambridge University Press)