baby bond
noun [ C ]
FINANCE ukusan investment plan for children in the UK that begins at birth and whose purpose is to provide money for the child after the age of 18:
By putting £50 a month in baby bonds, you might accumulate £24,000 over 18 years.
Baby bonds are more formally known as a Child Trust Fund.
US informal
a bond with a value of $1,000 dollars or less:
Baby bonds bring the bond market within the reach of the small investor.