interest lottery

noun

: a lottery that issues bonds for borrowed money at less than the normal rate of interest and gives chances for prizes as the consideration for the low interest

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Dictionary Entries Near interest lottery

Cite this Entry

“Interest lottery.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/interest%20lottery. Accessed 27 Nov. 2024.

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