savings bond

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

1945–50 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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American Heritage
Cultural Dictionary

savings bond definition

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

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Example sentences
Queuing up alongside pensioners claiming their modest weekly infusion, he exchanged the draft for a savings bond.
The termination of walk-in service also will impact a small number of savings bond customers.
Investors choose the dates to charge their account for their savings bond purchases.
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