savings bond

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

Origin:
1945–50

Dictionary.com 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.
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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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