Definition of granny bond in English:

granny bond

Line breaks: granny bond


British informal
  • A form of index-linked National Savings certificate, originally available only to pensioners.
    More example sentences
    • There is no truth in the rumour that he has decided to go one better and start handing out ‘granny bonds’.
    • The Government can also think of granny bonds for future pensioners and the bearer bonds.
    • I know for a fact my mother once had something I think was called a "granny bond" which was effectively a financial product offered to people above a certain age which had a slightly higher interest rate than people below could get.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day kerf
Pronunciation: kərf
a slit made by cutting with a saw