savings bond

American  

noun

1. a U.S. government bond with principal amounts up to $10,000.

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savings bond Cultural  

1. A bond issued by the United States government and sold in relatively small denominations, mainly to individuals.

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Etymology

Origin of savings bond

First recorded in 1945–50

Example Sentences

And right now, there’s a lot more reason to consider the lowly savings bond than there has been in years.

From Seattle Times • Nov. 13, 2021

For example: What's the difference between a $50 savings bond and buying their $50 gift for the Bobbies?

From Washington Post • Aug. 29, 2021

West Virginia is also offering a $100 savings bond to residents age 16 to 35 who get vaccinated.

From Los Angeles Times • May 27, 2021

West Virginia is offering a $100 savings bond to any resident ages 16-35 who gets the shot.

From Slate • May 12, 2021

To somebody like Abelman that letter was like a savings bond, a blank draft on a bank.

From "A Confederacy of Dunces" by John Kennedy Toole