War Bond

War Bond
Debt securities issued by a government for the purpose of financing military operations during times of war. It is an emotional appeal to patriotic citizens to lend the government their money because these bonds offer a rate of return below the market rate.

At first they were called Defense Bonds and issued by the U.S. Government, but that name was changed to War Bonds after the Japanese attack on Pearl Harbor on Dec 7, 1941. The bonds were zero-coupon bonds that sold for 75% of their face value in denominations from $10 to $100,000. To get an idea of the relative value of a dollar in 1942, in current terms, something that cost $1.00 in 1942, would cost around $11.00 in 2002.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • war bond — war bond, U.S. a government bond issued in World War II …   Useful english dictionary

  • War bond — United Kingdom national war bond advertisement War bonds are debt securities issued by a government for the purpose of financing military operations during times of war. War bonds generate capital for the government and make civilians feel… …   Wikipedia

  • war bond — /ˈwɔ bɒnd/ (say waw bond) noun a government issued bond used to finance a military action. Also, war loan bond …  

  • war bond — A bond issued by the United States government in time of war for the purpose of obtaining funds for the conduct of the war. 43 Am J1st Pub See § 15 …   Ballentine's law dictionary

  • war bond — noun A type of savings bond used by nations to help fund war efforts …   Wiktionary

  • Bond — Bond, bonds, bonded, and bonding may refer to:Fiduciary bonds*Bond (finance), in finance, a debt security, issued by Issuer **Government bond, a bond issued by a national government ***Government bond register, a register of bonds issued by a… …   Wikipedia

  • Bond (finance) — In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon) to use and/or to repay the principal at a later date, termed maturity.… …   Wikipedia

  • bond — n. certificate 1) to issue a bond 2) to cash (in), redeem a bond 3) a debenture; development; government; long term; municipal; negotiable; savings; serial; treasury; war bond tie link 4) to form; strengthen a bond (of friendship) with 5) a close …   Combinatory dictionary

  • Bond market — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal …   Wikipedia

  • bond — Synonyms and related words: Fannie Mae, Federal Agency bond, Ginnie Mae, Oregon boat, Series E bond, Series H bond, accident insurance, accord, accouple, accumulate, actuary, addition, adherence, adhesion, adhesive, adjunct, adjustment bond,… …   Moby Thesaurus

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”