Entry from British & World English dictionary
Definition of war loan in English:
Stock issued by the British government to raise funds at a time of war.
- The war loan was converted from 5 per cent to 3.5 per cent, and bank rate reduced.
- Montgomery's civil defense corps relied on a ‘housewife in each block to organize other homemakers for campaigns such as preparing for a blackout, promoting war loan and scarcity drives’.
- But it was 1944, the American delegation said to the British, You either go it our way or we're going to withhold our war loan.
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