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H-Bond |
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H-Bond A former savings bond in the United States that paid interest on its principal semi-annually. Unlike Series E bonds, which paid interest only at redemption, H-bonds provided bondholders with current income on their investments. H-bonds were issued at face value, were exempt from state and local taxes, and had a fixed interest rate. They were issued between 1952 and 1979 and were replaced by the Series HH bond in 1980. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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