Premium Savings Bonds
British
plural noun
-
Also called: premium bonds.
(in Britain) bonds issued by the Treasury since 1956 for purchase by the public. No interest is paid but there is a monthly draw for cash prizes of various sums
"Collins English Dictionary — Complete & Unabridged"
2012 Digital Edition
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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
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