Definition of “Premium Bond” - English Dictionary

british dictionary

“Premium Bond” in British English

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Premium Bondnoun [ C ]

uk /ˈpriː.mi.əm ˌbɒnd/ us /ˈpriː.mi.əm ˌbɑːnd/ UK

a government investment in which you do not receive interest but have the chance every month to win a prize of money

(Definition of “Premium Bond” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“Premium Bond” in Business English

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Premium Bondnoun [ C ]

uk us 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.

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

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