Patriot Bond

(redirected from Patriot Bonds)

Patriot Bond

A Series EE bond issued after September 11, 2001. Patriot bonds were inspired by the war bonds issued during World War II, but they never gained the latter's popularity.

Patriot Bond

A specially inscribed Series EE savings bond issued by the U.S. Treasury beginning December 11, 2001, three months following the September 11 terrorist attacks, to call attention to the country's war effort.
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Meanwhile, on March 1, 2002, the Treasury Department said it is planning actions to preserve cash balances to provide and maintain a cash cushion, which could involve canceling the sales of Patriot bonds and of State and Local Government Series (SLGS), used by state and local governments to refund previously issued debt.
Don't buy a Patriot Bond just because it makes you feel good," sneered one financial columnist.