- Gilts
- British and Irish government securities.
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FINANCE British government bonds sold by the Bank of England, done to finance the British national debt:• Gilts fell sharply despite continued firmness in the pound.
ˌindex-linked ˈgilts FINANCEgilts whose value is linked to the Retail Price Index (= the general level of prices):• Despite being linked to the RPI, index-linked gilts are subject to a six-month delay in indexation, which means that the bond is not inflation-protected for the last six months of its life.
irreˌdeemable ˈgilts FINANCEanother name for undated giltsˌlong ˈgilts also ˌlong-term ˈgilts FINANCE• The Bank is worried about refinancing short-term debt and will not, therefore, stop issuing long-term gilts.
ˌmedium-term ˈgilts FINANCEgilts with a maturity (= repayment date) between five and 15 years in the future:• Confidence in the future of the economy has pushed down yields on medium-term gilts.
ˌshort-term ˈgilts FINANCE• A cut in interest rates makes short-term gilts an attractive buy because of their fixed interest payments.
unˌdated ˈgilts FINANCEgilts with no maturity date (= repayment date) that will go on paying interest for everˌvariable rate ˈgilts FINANCEgilts with an interest rate that changes during their life, linked to general market interest rates:• The UK government has issued floating rate notes under the name of variable-rate gilts.
— see also repo1* * *
gilts UK US /ɡɪlts/ noun [plural] (also gilt-edged securities, also gilt-edged stocks, also gilt stocks) FINANCE► bonds that are sold by the British government: »Managed funds have a wide range of investments, including gilts.
»Gilt stocks
→ See also IRREDEEMABLE GILTS(Cf. ↑irredeemable gilts), LONG-TERM GILTS(Cf. ↑long-term gilts), MEDIUM-TERM GILTS(Cf. ↑medium-term gilts), SHORT-TERM GILTS(Cf. ↑short-term gilts), UNDATED GILTS(Cf. ↑undated gilts), VARIABLE-RATE GILTS(Cf. ↑variable-rate gilts)
Financial and business terms. 2012.
