Definitions for "Canada Savings Bond"
A savings product issued and guaranteed by the federal government, and offered for sale by most Canadian financial institutions to individual Canadians. It pays a competitive rate of interest that is guaranteed for one or more years. It may be cashed at any time and, after the first three months, pays interest up to the end of the month prior to encashment.
CSBs are issued each year by the federal government. They can be cashed at any time at par value.
A bond issued each year by the Government of Canada. Available in various denominations, the bonds can be cashed at any time and are fully guaranteed by the federal government.