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Definitions and Synonyms of premium bond | Another word for premium bond | What is premium bond?

Definition 1: a government bond that bears no interest or capital gains but enters the holder into lotteries - [noun denoting possession]

(premium bond is a kind of ...) a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal

(premium bond belongs to a domain located in ...) a monarchy in northwestern Europe occupying most of the British Isles; divided into England and Scotland and Wales and Northern Ireland; `Great Britain' is often used loosely to refer to the United Kingdom

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