NATIONAL SAVINGS CERTIFICATE


Meaning of NATIONAL SAVINGS CERTIFICATE in English

n

( in Britain ) one of the types of investment (= plan for investing money) offered by National Savings . People buy the Certificates for a fixed period, usually five years, and at the end of the period receive the amount paid plus interest. National Savings Certificates were introduced in 1916 as a way for the government to borrow extra money during World War I .

Oxford guide to British and American culture English vocabulary.      Руководство по британской и американской культуре, Оксфордский английский словарь.