Premium Bond

A Premium Bond is a 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.The government pays interest on the bond but, instead of the interest being paid into individual accounts, it is paid into a prize fund from which a monthly lottery distributes tax-free prizes, or premiums, to selected bond-holders whose numbers come up. The machine that generates random numbers for the lottery is called ERNIE, which stands for Electronic Random Number Indicator Equipment. There are many different prizes ranging from £50 to the top prize of £1,000,000, of which there have been two per month since the summer of 2005 (and one per month prior to that).
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Noun
1. a government bond that bears no interest or capital gains but enters the holder into lotteries
(hypernym) bond, bond certificate
(classification) United Kingdom, UK, Great Britain, GB, Britain, United Kingdom of Great Britain and Northern Ireland

A bond that is selling for more than its par value.

premium bond
danh từ (Premium Bond) công trái không có tiền lời nhưng có giải thưởng xổ số định kỳ
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B: (Matematika) obligasi premi
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