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TeachMeFinance.com - explain Lottery bond historic definition... Lottery bond -- A lottery bond is one of an issue made (generally by some government on the Continent of Europe) for some exceptional work, as an exhibition, bonuses being offered to subscribers in the shape of cash prizes which are drawn for periodically, the prizes going to the holders of bonds which bear numbers corresponding to those drawn. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.