ALL meanings of premium bond
pre·mi·um bond
P p - noun premium bond a method of financial investment available to UK citizens where, instead of interest payments, investors have the chance to win tax-free prizes, or get their money back. 0
- countable noun premium bond 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. 0