Lottery Bonds are a group of special types of bonds, and they have been issued mainly in France, Belgium and have been issued by France, Belgium and the other major countries of Europe. They resemble in features to a great extent to the general Fixed Rate Bonds. However, there is a major difference, and it lies in its number. From time to time, drawings take place which may result into reddeming of bonds of bearing particular set of numbers or a bonus may be declared. this imparts an element of lottery to these bonds and hence the name Lottery Bond.
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