savings bond


noun

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

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Origin of savings bond

First recorded in 1945–50
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

Cultural definitions for savings bond

savings bond

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

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.