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.
Read more about Prize Bond: Background, Organisation, Finance
Famous quotes containing the words prize and/or bond:
“What we have we prize not to the worth
Whiles we enjoy it, but being lacked and lost,
Why, then we rack the value, then we find
The virtue that possession would not show us
Whiles it was ours.”
—William Shakespeare (1564–1616)
“Wedding is great Juno’s crown,
O blessed bond of board and bed!
‘Tis Hymen peoples every town,
High wedlock then be honorèd.
Honor, high honor, and renown
To Hymen, god of every town!”
—William Shakespeare (1564–1616)