premium bonds — A form of government borrowing organised by the National Savings department. Investors buy serially numbered premium bonds at a cost of £1 each. Each month a random draw is made of numbers with a range of prizes from £50 to £1 million. The total… … Financial and business terms
premium bond — premium bonds N COUNT In Britain, premium bonds are numbered tickets that are sold by the government. Each month, a computer selects several numbers, and the people whose tickets have those numbers win money … English dictionary
Premium Savings Bond — Premium Bond or Premium Savings Bond noun A Government bond, the holder of which gains no interest, but is eligible for a money prize allotted by a draw held at stated intervals • • • Main Entry: ↑premium * * * Premium Bond [Premium Bond] … Useful english dictionary
Premium Bond — A Premium Bond is a lottery bond issued by the United Kingdom government s National Savings and Investments scheme. The government promises to buy back the bond, on request, for its original price.Premium Bonds were introduced by the government… … Wikipedia
Premium Bond — 1) A bond that is trading above its par value. A bond will trade at a premium when it offers a coupon rate that is higher than prevailing interest rates. This is because investors want a higher yield, and will pay more for it. 2) A specific type… … Investment dictionary
premium bond — UK / US noun [countable] Word forms premium bond : singular premium bond plural premium bonds in the UK, a document with a number on it that people can buy from the government as a way of saving money. It gives people the chance to win money if… … English dictionary
Premium Bond — (also Premium Savings Bond) n (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. Unlike National Lottery tickets the Premium Bonds can be sold… … Universalium
premium — consideration paid for an insurance policy. Glossary of Business Terms (1) The additional payment allowed by exchange regulation for delivery of higher than required standards or grades of a commodity against a futures contract. (2) In speaking… … Financial and business terms
Premium — (1) Amount paid for a bond above the par value. (2) The price of an option contract; also, in futures trading, the amount the futures price exceeds the price of the spot commodity. Related: inverted market premium payback period. Also called… … Financial and business terms
premium — A reward for an act done. Brown v. Board of Police Com rs of City of Los Angeles, 58 Cal.App.2d 473, 136 P.2d 617, 619. See also bonus A bounty or bonus; a consideration given to invite a loan or a bargain, as the consideration paid to the… … Black's law dictionary
