gilt-edged securities
Stocks and shares issued and guaranteed by the British government to raise funds and traded on the Stock Exchange. A relatively risk-free investment, gilts bear fixed interest and are usually redeemable on a specified date. The term is now used generally to describe securities of the highest value.
According to the redemption date, gilts are described as short (up to five years), medium, or long (15 years or more).
According to the redemption date, gilts are described as short (up to five years), medium, or long (15 years or more).
© RM 2012. Helicon Publishing is division of RM.
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