Definitions for "Canada Savings Bonds"
Keywords:  cashable, canadian, csbs, aquire, safe
A debt instrument issued by the Canadian government, which go on sale every year from early October to early November. They are extremely safe and can be cashed in at any time without notice and without charge for their full face value.
A bond issued by the Canadian Government as a safe method for Canadians to aquire savings. The bonds, which are a form of debt, can be cashed with proper identification at any time through most Canadian financial institutions.
A savings bond sold to the public in the fall and spring of each year. There are two types: those that pay interest each year (regular interest bonds) and those that accumulate interest and pay it when the bond matures (compound interest bonds). CSBs may be either registered or non-registered.