PREMIUM BOND


Meaning of PREMIUM BOND in English

( also Premium Savings Bond ) n

( in Britain ) a document with a number on it which can be bought from the government and which offers a chance of winning money as a prize every month. Unlike National Lottery tickets the Premium Bonds can be sold back to the government at any time. They were introduced in 1956 as a way of encouraging people to save money.

See also Ernie .

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