What were War Bonds?
In: Economics
Basically about the same way that US Savings Bonds work today. You bought a Bond, held it, earned interest, than at some point cashed it for your original investment plus interest. Typically Bonds have a fixed Interest rate, usually very low, and the terms you must hold them can be long, 5, 10, even 20 years, so they are not typically liquid, meaning if you needed the money you could cash them quick.
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