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Definition of “Premium Bond” - English 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 Learners 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)
Translations of “Premium Bond”
in Chinese (Simplified) 以奖金代息储蓄证券…
in Chinese (Traditional) 有獎儲蓄公債…
What is the pronunciation of Premium Bond?
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