Premium Bond

noun

/ˈpriːmiəm bɒnd/

/ˈpriːmiəm bɑːnd/

(also Premium Savings Bond

/ˌpriːmiəm ˈseɪvɪŋz bɒnd/

/ˌpriːmiəm ˈseɪvɪŋz bɑːnd/

)

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(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. The top prize is £1 million. Unlike National Lottery tickets, the Premium Bonds can be sold back to the government at any time for the original price. They were introduced in 1956 as a way of encouraging people to save money. No interest on the money is paid to individual participants except through the prize draw; the interest paid by the government goes into the prize fund. see also ERNIE

单词	Premium Bond
释义	Premium Bond noun /ˈpriːmiəm bɒnd/ /ˈpriːmiəm bɑːnd/ (also Premium Savings Bond /ˌpriːmiəm ˈseɪvɪŋz bɒnd/ /ˌpriːmiəm ˈseɪvɪŋz bɑːnd/ ) jump to other results (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. The top prize is £1 million. Unlike National Lottery tickets, the Premium Bonds can be sold back to the government at any time for the original price. They were introduced in 1956 as a way of encouraging people to save money. No interest on the money is paid to individual participants except through the prize draw; the interest paid by the government goes into the prize fund. see also ERNIE
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