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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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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

From Washington Post ● Oct. 19, 2022

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 ● Jul. 22, 2022

As Mr. Murphy said in introducing the baby bond proposal, “You can’t ignore tomorrow.”

From Washington Times ● Sep. 9, 2020

Le Grand, who worked in No 10's policy unit under Blair between 2003 and 2005, is credited with introducing Labour's quasi-market reforms and devising its "baby bond" child trust funds.

From The Guardian ● Feb. 2, 2011

When the buyer has saved $18.75 in stamps, he can exchange them for a baby bond worth $25 in ten years.

From Time Magazine Archive

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