baby bond
noun[C]
FINANCEukusaninvestmentplanforchildrenin the UK thatbeginsatbirthand whosepurposeis toprovidemoneyfor thechildafter theageof 18:
By putting £50 amonthinbabybonds, you mightaccumulate£24,000 over 18years.
Babybondsare moreformallyknownas a Child Trust Fund.
USinformal
abondwith avalueof $1,000dollarsor less:
Babybondsbringthebondmarketwithin thereachof thesmallinvestor.