Premium Bond Definition in the Cambridge English Dictionary Cambridge dictionaries logo

Definition of “Premium Bond” - English Dictionary

"Premium Bond" in British English

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Premium Bondnoun [C]

uk   us   UK
a ​governmentinvestment in which you do not ​receiveinterest 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 ​governmentsystem in which you have the chance to ​winmoney each month for as ​long as you do not ​sell the ​bond: Only if a ​premiumbond 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…
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