War bonds are government-issued savings bonds which are used to finance a war or a military action. In the United States, the last official war bond was the Series E Bond issued during the Second World War.
War Bond
Debt securities issued by a government for the purpose of financing military operations during times of war.
In his inaugural address in January 1869, Grant demonstrated his commitment to gold-backed currency by insisting on repaying the war bond debt from the Civil War with gold.
The principal and the interest payments of the asset backed securities are guaranteed by cash flow from other assets. Finally, the war bonds are issued by states for the purpose of funding military operations.
 See also: Securities, Market, Vesting, Bonds, Return
  
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