What does lottery bond mean?
Definitions for lottery bond
lot·tery bond
This dictionary definitions page includes all the possible meanings, example usage and translations of the word lottery bond.
Did you actually mean letter bond?
Wikipedia
Lottery bond
Lottery bonds are a type of government bond in which some randomly selected bonds within the issue are redeemed at a higher value than the face value of the bond. Lottery bonds have been issued by public authorities in Belgium, France, Ireland, Pakistan, Sweden, New Zealand, the UK and other nations. Outwardly, lottery bonds resemble ordinary fixed rate bonds; they have a fixed, though usually long, duration and either pay no interest or regular coupons. The individual bonds within each issue are numbered, like ordinary bonds, but the serial numbers serve a different function from ordinary bonds. For a lottery bond the serial number is an added incentive for the purchaser to buy the bond. Although the details vary by bond and by issuer, the principle remains the same. A drawing takes place according to a schedule to decide which serial numbers are to be redeemed. The individual bonds within the issue thus identified by the drawing are then bought back by the issuer, so that the total value of an issue will decrease as time passes and more bonds are redeemed. A small number of bonds are redeemed for an amount greater than their face value. Hence the holder of that particular bond will have won the ‘lottery’. Lottery bonds are similar to prize-linked savings accounts.
Numerology
Chaldean Numerology
The numerical value of lottery bond in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of lottery bond in Pythagorean Numerology is: 6
Translation
Find a translation for the lottery bond definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"lottery bond." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/lottery+bond>.
Discuss these lottery bond definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In