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Premium Bond
also called Electronic Random Number Indicator Equipment and has one more synonym

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  1. a lottery bond issued by the United Kingdom government's National Savings and Investments scheme

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 28, 2009
  2. a type of bond available in the United Kingdom

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 28, 2009
  3. The government promises to buy back the bond, on request, for its original price

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 28, 2009
  4. were introduced by the government in 1956, with the aim of encouraging saving and controlling inflation, with the first bonds going on sale on 1 November of that year

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 28, 2009
  5. The government pays interest on the bond but, instead of the interest being paid into individual accounts, it is paid into a prize fund from which a monthly lottery distributes tax-free prizes, or premiums, to selected bond-holders whose numbers come

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on February 28, 2009
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