premium bond


premium bond
A bond that is selling for more than its par value. Bloomberg Financial Dictionary

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Premium Bond ˈPremium ˌBond noun [countable usually plural] FINANCE
a numbered document that you buy from the government in Britain, which gives you the chance to win money each month and for which you can get back the money you bought it for

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Premium Bond UK US noun [C] (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.


Financial and business terms. 2012.

Look at other dictionaries:

  • Premium Bond — (also Premium Savings Bond) ► NOUN ▪ (in the UK) a government security offering no interest or capital gain but entered in regular draws for cash prizes …   English terms dictionary

  • premium bond — index coupon Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • premium bond — premium .bond n a document that you buy from the government in Britain, which gives you the chance to win a large amount of money each month …   Dictionary of contemporary English

  • Premium Bond — A Premium Bond is a lottery bond issued by the United Kingdom government s National Savings and Investments scheme. The government promises to buy back the bond, on request, for its original price.Premium Bonds were introduced by the government… …   Wikipedia

  • Premium Bond — 1) A bond that is trading above its par value. A bond will trade at a premium when it offers a coupon rate that is higher than prevailing interest rates. This is because investors want a higher yield, and will pay more for it. 2) A specific type… …   Investment dictionary

  • Premium bond — A bond that is selling for more than its par value. The New York Times Financial Glossary * * * Premium Bond ˈPremium ˌBond noun [countable usually plural] FINANCE a numbered document that you buy from the government in Britain, which gives you… …   Financial and business terms

  • premium bond — UK / US noun [countable] Word forms premium bond : singular premium bond plural premium bonds in the UK, a document with a number on it that people can buy from the government as a way of saving money. It gives people the chance to win money if… …   English dictionary

  • premium bond — premium bonds N COUNT In Britain, premium bonds are numbered tickets that are sold by the government. Each month, a computer selects several numbers, and the people whose tickets have those numbers win money …   English dictionary

  • Premium Bond — (also Premium Savings Bond) n (in Britain) a document with a number on it which can be bought from the government and which offers a chance of winning money as a prize every month. Unlike National Lottery tickets the Premium Bonds can be sold… …   Universalium

  • Premium Bond — (also Premium Savings Bond) noun (in the UK) a government security offering no interest or capital gain but entered in regular draws for cash prizes …   English new terms dictionary