A Prize Bond is a lottery bond, a non-interest bearing security issued on behalf of the Irish Minister for Finance by the Prize Bond Company Limited. Funds raised are used to offset government borrowing and are refundable to the bond owner on demand. Interest is returned to bond owners via prizes which are distributed by means of random selection of bonds.
Other articles related to "bond, bonds, prize, prize bond, prizes":
... A Premium Bond is a lottery bond issued by the United Kingdom government's National Savings and Investments agency ... The bonds are entered in a regular prize draw and the government promises to buy them back, on request, for their original price ... The bonds were introduced by Harold Macmillan in his 1956 budget ...
... Originally bonds could be purchased as in units of five Irish pounds, with a minimum purchase of £10 ... In September 2009 the Prize Bond fund exceeded €1bn for the first time ... Prizes range from just €50 (it was reduced from €75 prior to January 2013) to a jackpot of €20,000 except for the last draw in every month when ...
Famous quotes containing the words bond and/or prize:
“It may comfort you to know that if your child reaches the age of eleven or twelve and you have a good bond or relationship, no matter how dramatic adolescence becomes, you children will probably turn out all right and want some form of connection to you in adulthood.”
—Charlotte Davis Kasl (20th century)
“To become a token womanwhether you win the Nobel Prize or merely get tenure at the cost of denying your sistersis to become something less than a man ... since men are loyal at least to their own world-view, their laws of brotherhood and self-interest.”
—Adrienne Rich (b. 1929)