| 单词 | gilt-edged security |
| 释义 | gilt-edged security A fixed-interest security issued by the UK government. Gilts may be irredeemable Consols; long-dated, with 15 years or more to maturity; medium-dated, with 5 to 15 years to maturity; or short-dated, with under 5 years to maturity. Gilt-edged securities are considered extremely safe from risk of default, but are liable to fluctuate in price inversely with current interest rates, long-dated securities being most at risk. Index-linked gilts are also available, reducing the risk from inflation. |
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