National Savings Certificate


National Savings Certificate
National Savings Certificate [National Savings Certificate] noun
(in Britain) one of the types of ↑investment (= plan for investing money) offered by ↑National Savings. People buy the Certificates for a fixed period, usually five years, and at the end of the period receive the amount paid plus interest. National Savings Certificates were introduced in 1916 as a way for the government to borrow extra money during ↑World War I.

Useful english dictionary. 2012.

Look at other dictionaries:

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