Canada Premium Bond - CPB
Definition of 'Canada Premium Bond - CPB'A debt instrument issued by the Bank of Canada that offers a higher interest rate than a Canada Savings Bond (CSB) with the same issuance date. |
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Investopedia explains 'Canada Premium Bond - CPB'While a Canada Savings Bond is redeemable at any time, a Canada Premium Bond is redeemable once a year. It must be redeemed either on the anniversary of the issue date or within 30 days of it. |
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