Meaning of “I Bond” in the English Dictionary

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"I Bond" in Business English

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I Bondnoun [ C ]

uk us also Series I Bond, I Savings Bond

FINANCE a type of savings bond from the US Treasury that pays a fixed rate of interest, plus interest at a rate that changes every six months based on the rate of inflation:

I Bonds grow in value with inflation-indexed earnings for up to 30 years.

(Definition of “I Bond” from the Cambridge Business English Dictionary © Cambridge University Press)