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savings bond

Syllabification: sav·ings bond

Definition of savings bond in English:

noun

A bond issued by the government and sold to the general public.
Example sentences
  • Unlike a money market fund, which can usually be cashed in at any time without penalty, you can't withdraw your money from a Savings Bond for the first six months.
  • Purchasing a Savings Bond with an October issue date is key to this strategy.

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