Bonus Bond, noun phrase

Origin:
So called because the purchase of a bond entitled one to participate in a monthly draw for cash prizes.
historical
A government bond sold (from 1977 to 1984) to raise funds for defence purposes. Also attributive.
1977 Govt Gaz. Vol.146 No.5693, 1Defence Bonus Bonds...Purpose of the issue. The bonds are issued for the partial financing of the Republic’s expenditure on defence.
1978 Evening Post 9 Oct. 1An ouderling..said..that if the general synod had found the bonus bond scheme to be against the law of God then bond buying was unquestionably a sin.
1979 S. Afr. Panorama Oct. 30When R20 000 was won by Koos H—..in the sixth South African Bonus Bond prize draw, he lived for eight months in blissful ignorance of the fact.
1983 S. Afr. Digest June 4The Prime Minister, Mr P W Botha, has pledged to drop the Bonus Bond scheme if alternative ways could be found of raising money for defence and other purposes.
A government bond sold (from 1977 to 1984) to raise funds for defence purposes. Also attributive.
Entry Navigation

Visualise Quotations

Quotation summary

Senses

19771983

Browse Related Words

By Category

Economics and Commerce

By Usage

historical
bontveld, nounn.boo, nounn.
Copyright © 2025 Dictionary Unit for South African English