Gilts

British and Irish government securities.

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gilts gilts [gɪlts] noun [plural]
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 FINANCE
gilts 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 FINANCE
another name for undated gilts
ˌlong ˈgilts also ˌlong-term ˈgilts FINANCE
gilts with a maturity (= repayment date) more than 15 years in the future; = LONGS:

• The Bank is worried about refinancing short-term debt and will not, therefore, stop issuing long-term gilts.

ˌmedium-term ˈgilts FINANCE
gilts 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
gilts with a maturity (= repayment date) less than seven years in the future; = SHORTS:

• A cut in interest rates makes short-term gilts an attractive buy because of their fixed interest payments.

unˌdated ˈgilts FINANCE
gilts with no maturity date (= repayment date) that will go on paying interest for ever
ˌvariable rate ˈgilts FINANCE
gilts 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

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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.

Look at other dictionaries:

  • Gilts — are bonds issued by the governments of the United Kingdom, South Africa, or Ireland. The term is of British origin, and refers to the debt securities issued by the Bank of England, which had a gilt (or gilded) edge. Hence, they are called gilt… …   Wikipedia

  • gilts — See gilt edged securities. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • gilts — /gɪlts/ plural noun same as government bonds …   Dictionary of banking and finance

  • gilts — British and Irish government securities. blue chip. Bloomberg Financial Dictionary gilt edged stocks. Also known as gilts. UK government bonds (excluding Treasury bills) denominated in sterling and issued in the domestic UK market. Dresdner… …   Financial and business terms

  • Gilts — Bonds that are issued by the British government and generally considered low risk. Gilts are the U.K. equivalent to U.S. Treasury securities. The name originates from the original British government certificates that had gilded edges. India s… …   Investment dictionary

  • gilts — gɪlt n. gold leaf, gold plate, thin layer of gold adj. golden; gilded, coated with a thin layer of gold …   English contemporary dictionary

  • gilts — fixed interest loan securities issued by the UK government. → gilt …   English new terms dictionary

  • gilts — Government securities issued by the United Kingdom …   Euroclear glossary

  • gilts market — UK US noun FINANCE ► GILT EDGED MARKET(Cf. ↑gilt edged market) …   Financial and business terms

  • gilts primary dealers — See gilt edged market makers …   Big dictionary of business and management

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