baby bond

British  

noun

1. a sum of money invested shortly after the birth of a child, the returns of which may not be collected until the child reaches adulthood

---

Example Sentences

With so many potential beneficiaries, it would be the largest baby bond program enacted in the nation to date.

From Washington Post

City Council passed a baby bond program in 2021, committing to give low-income children $500 plus another $1,000 each year that their parents remain below a certain income level.

From Seattle Times

As to eye-rolling, I was fine with the introduction of Baby Bond.

From Los Angeles Times

But I actually am taken, Michael, with your meta-analysis of Baby Bond and specifically Madeleine’s story time narration.

From Los Angeles Times

To do so, he suggests spending an additional $75 million on affordable and public housing; another $11 million for the Access to Justice Initiative, which provides civil legal services that protect residents from eviction; and creating a public trust-fund account, commonly known as a baby bond, for children born into low-income D.C. families.

From Washington Post