Search results
Results from the WOW.Com Content Network
A Prize Bond is a lottery bond, a non-interest bearing security issued on behalf of the Irish Minister for Finance by the Prize Bond Company DAC. Funds raised are used to offset government borrowing and are refundable to the bond owner on demand. Interest is returned to bond owners via prizes which are distributed by random selection of bonds.
The bonds are entered in a monthly prize draw and the government promises to buy them back, on request, for their original price. The government pays interest into the bond fund (4.15% per annum in December 2024 but decreasing to 4% in January 2025) [ 1 ] from which a monthly lottery distributes tax-free prizes to bondholders whose numbers are ...
The 400,000 tickets issued cost 10 shillings (£0.50) each (roughly three weeks of wages for ordinary citizens), with the grand prize worth roughly £5,000. [5] This lottery was designed to raise money for the "reparation of the havens and strength of the Realme, and towardes such other publique good workes", including the rebuilding of ports ...
Premium bonds are an investment product from the National Savings and Investment (NS&I), which is owned by the government. Each month, millions of savers are entered into a prize draw to win cash ...
AOL latest headlines, entertainment, sports, articles for business, health and world news.
The official oppositional statement of the proposition argues that "Proposition 2 will increase our bond obligations by $10 billion, which will cost taxpayers an estimated $18 billion when repaid with interest. A bond works like a government credit card—paying off that credit card requires the government to spend more of your tax dollars!
We are just days from the Indianapolis 500 and the starting grid is set.. After two days of qualifying, Scott McLaughlin earned the pole position at 234.220 mph for his 4-lap run around the 2.5 ...
Discontinued paper Series EE savings bond from 1983, with serial number in punched card format. Treasury stopped selling paper Series EE and I savings bonds on December 31, 2011, requiring people to use the TreasuryDirect website to purchase them, except for paper Series I bonds purchased using a tax return. [8]