gilt
n. countablen. a high-quality bond issued by the UK government. It is considered a very safe way for people and companies to invest their money.
n. a fixed-interest bond issued by the British government to raise capital. Often used in the plural to refer to the market for these securities.
Many investors buy gilts because they are very safe.
When the economy is uncertain, investors often move their money into gilts to protect their capital.
The sudden rise in interest rates caused the market value of long-term gilts to drop significantly, affecting pension fund portfolios across the country.
Formed in English from the verb gild (“to cover in gold”). Compare gold and German Geld.
From Middle English gilt, gylt, from Old Norse gyltr; compare geld and yelt.
Often used in the plural ('gilts') when referring to the asset class or market.
the gilted framethe gilded frameLearners confuse the financial noun 'gilt' with the adjective 'gilded', which means covered in a thin layer of gold.