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Meaning of “baby bond” in the English Dictionary

"baby bond" in Business English

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baby bondnoun [C]

uk   us   FINANCE
an ​investmentplan for children in the UK that begins at birth and whose ​purpose is to ​providemoney for the child after the age of 18: By putting £50 a month in baby ​bonds, you might ​accumulate £24,000 over 18 ​years. Baby ​bonds are more ​formally known as a Child Trust Fund.
US informal a ​bond with a ​value of $1,000 ​dollars or less: Baby ​bondsbring the ​bondmarket within the ​reach of the ​smallinvestor.
(Definition of baby bond from the Cambridge Business English Dictionary © Cambridge University Press)
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“baby bond” in Business English

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