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.
DEFINITION of 'Premium Bond'. 1) A bond that is trading above its par value. A bond will trade at a premium when it offers a coupon rate that is higher than prevailing interest rates. This is because investors want a higher yield, and will pay more for it.2) A specific type of bond issued in nations such as the United Kingdom and Canada. bond will trade at a premium when it offers a coupon rate that is higher than prevailing interest rates. This is because investors want a higher yield, and will pay more for it.