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savings bond
noun
: a nontransferable registered U.S. bond issued in denominations of $50 to $10,000
Examples of savings bond in a Sentence
Recent Examples on the Web
This government website may help lead you to databases to search for forgotten pensions, VA benefits, taxes, investments, savings bonds and bankruptcies.
—Next Avenue, Forbes, 7 Oct. 2024
The Treasury does this by selling securities like T-bills, notes, and savings bonds.
—Kelly Phillips Erb, Forbes, 7 Sep. 2024
New rates for savings bonds are set each May 1 and Nov. 1.
—Susan Tompor, Detroit Free Press, 24 Apr. 2024
The interest that your savings bonds earn is subject to federal income tax, but not state or local income tax.
—Susan Tompor, Detroit Free Press, 24 Apr. 2024
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Word History
First Known Use
1927, in the meaning defined above
Dictionary Entries Near savings bond
Cite this Entry
“Savings bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/savings%20bond. Accessed 23 Nov. 2024.
Kids Definition
savings bond
noun
: a registered U.S. bond that comes in values of $50 to $10,000
Legal Definition
savings bond
see bond sense 2
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