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Canada Savings Bond |
Also found in: Wikipedia | 0.03 sec. |
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Canada Savings Bond A savings bond offered by the Government of Canada and guaranteed by the Bank of Canada. Originally offered in 1946 as a Victory War Bond, a CSB pays a low, but safe, interest rate. The interest rate at which a CSB is offered is guaranteed for one year, and then fluctuates according to prevailing interest rates. A CSB is redeemable for cash at any time, but usually has a maturity of 10 years. See also: Canada Premium Bond. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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First-and second-place Canadian winning teams will each receive Canada Savings Bonds of comparable issue price respectively (based on current exchange rate at time of purchase). 7 percent own Canada Savings Bonds or T-bills, compared to 25. |
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