Lottery Bond
Defined in 1 dictionary — Bouvier (1914)
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
A species of bond found in most of the financial markets of Europe, combining the ordinary bond or deed of loan with the peculiarities of a lottery ticket. 9 Harv. L. Rev. 386. As a deed of loan it confers upon the holder the right to the payment of interest and reimbursement of the capital lent; as a lottery ticket it takes part periodically in drawings for prizes.