WAR SAVINGS BOND

a kind of bond issued by the United States government. Through the sale of savings bonds, the federal government borrows billions of dollars in small amounts from many individuals. Savings bonds were first issued in World Wars I and II to help meet costs o f defense but the practice has continued ever since. —PDC Volume 5 Approved Glossary

a kind of bond issued by the United States government. Through the sale of savings bonds, the federal government borrows billions of dollars in small amounts from many individuals. Savings bonds were first issued in World Wars I and II to help meet costs of defense but the practice has continued ever since.