Synonyms/Hypernyms (Ordered by Estimated Frequency) of noun premium_bond

1 sense of premium bond

Sense 1
Premium Bond -- (a government bond that bears no interest or capital gains but enters the holder into lotteries)
       => bond, bond certificate -- (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)