JSTOR was initiated in 1995 at seven different library sites, and originally encompassed ten economics and history journals. JSTOR access improved based on feedback from its initial sites, and it became a fully searchable index accessible from any ordinary web browser.
BREAKING DOWN 'U.S. Savings Bonds' A U.S. savings bond is a common type of government bond, which is a bond issued by a governmental body to raise funds from the public to fund its capital projects and other operations necessary to manage the economy.
Arbitrage Bond. DEFINITION of 'Arbitrage Bond'. A debt security with a lower interest rate issued by a municipality prior to the call date of the municipality's existing higher-rate security. Proceeds from the issuance of the lower-rate bonds are invested in treasuries until the call date of the higher-interest bonds.