government bond

Noun
  1. is a type of: bond, bond certificate - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
    subtypes:
    • savings bond - non-negotiable government bond; cannot be bought and sold once the original purchase is made
    • treasury, treasury obligations - negotiable debt obligations of the United States government which guarantees that interest and principal payments will be paid on time

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