Premium Bond

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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 ?
The Blackpool-based machine will be the fourth ERNIE, which stands for Electronic Random Number Indicator Equipment.
However, seven years on, Ernie - the Electronic Random Number Indicator Equipment, that picks winning bonds - is still going strong.
Its Electronic Random Number Indicator Equipment, commonly known as Ernie, has transcended its status as 'the machine that churns out the numbers', to become famous throughout the country.
Ernie - which stands for Electronic Random Number Indicator Equipment - picked his first Premium Bond winners in 1957 and took ten days to carry out the task.
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.
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