Savings Bond Definition
A savings security issued by the U.S. Treasury or an authorized agent showing that money has been loaned to the U.S. Government and is payable to the person to whom it is registered. A "savings bond" is designated as such in the regulations offering the bonds for sale. The bond is a contract between the Government and the bond owner. Each bond is a registered security for which a record is maintained by the Bureau of the Public Debt.