Series E bond(redirected from E bond)
Series E bond
A local and state tax-free bond issued by the U.S. government from 1941 to 1979, which was then replaced by Series HH bonds.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Series E Bond
In the United States, a formerly-issued savings bond, exempt from state and local taxes, with a fixed interest rate. These bonds were sold at three-fourths of face value and pay par upon maturity, which was originally 10 years, but later became 30 or 40 years. They began to be issued to help finance American involvement in World War II; they were known colloquially as war bonds. They were non-transferable and must either have been held or redeemed. In 1980, the government stopped issuing Series E bonds and replaced them with Series EE bonds. For a time, Series E bonds were exchangeable for Series H or Series HH bonds, but this is no longer the case.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved