Definitions from the Web
Savings Bond
Definition
A savings bond refers to a type of investment instrument issued by the government or financial institutions, usually with a fixed interest rate. It allows individuals to lend money to the issuer for a specific period while gaining interest over time.
Example Sentences
- I purchased a savings bond last year, and it has been steadily growing in value.
- My grandmother gifted me a savings bond for my birthday, which I plan to redeem once it matures.
- Investing in savings bonds can be a safe and reliable method to save money for the future.
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