Premium Bond

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  • noun

Words related to Premium Bond

a government bond that bears no interest or capital gains but enters the holder into lotteries

References in periodicals archive ?
But Ernie or, to give him his not- so-snappy full name, Electronic Random Number Indicator Equipment, has come to symbolise more than the numbers he produces once a month.
It remains a mystery who actually came up with the acronym `Ernie' to mean Electronic Random Number Indicator Equipment, but he is central to the whole concept of Premium Bonds by producing all the winning numbers.
The winning numbers are drawn every month from the Blackpool HQ by ERNIE - Electronic Random Number Indicator Equipment.
Ernie - which stands for Electronic Random Number Indicator Equipment - picked his first winners in 1957 and took 10 days to carry out the task.
For the past 49 years Ernie - or to give him his proper but less catchy name, Electronic Random Number Indicator Equipment - has been making people happy from the comfort of his Lytham St Anne's home in Lancashire, by generating the nation's winning Premium Bond numbers.
No, I refer to the Electronic Random Number Indicator Equipment (aka the Premium Bond computer), whose name used to be in everyday use, but which I haven't heard talked about for several years.
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