gilt

noun

Definitions of gilt

English

(UK FINANCE) a government-backed bond (=a document showing that money has been lent to the issuer and that the issuer will pay the holder the amount of the loan plus amounts of interest on future dates)

If you'd bought gilts yesterday, the yield was around 2% for a five year loan to our government, 3% for ten years and 4% for 20 years.