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English definition of “Premium Bond”

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Premium Bond

noun [C]
 
 
( also Premium Savings Bond) UK FINANCE
a type of bond that you can buy as part of a UK government system in which you have the chance to win money each month for as long as you do not sell the bond: Only if a premium bond is cashed in will it be removed from the draw.
Translations of “Premium Bond”
in Chinese (Traditional) 有獎儲蓄公債…
in Chinese (Simplified) 以奖金代息储蓄证券…
(Definition of Premium Bond from the Cambridge Business English Dictionary © Cambridge University Press)
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