Gilt-edged securities, commonly known as gilts, are securities issued by the government. They can take many forms, including

fixed interest securities;

floating interest securities;

dated securities, that is they have a date for redemption;

undated securities, that is they have no fixed date for redemption; War Loan is an example of an undated gilt-edged security – it is expressed to be redeemable in ‘1952 or after’ at the government's option;

index linked – that is, the redemption value fluctuates with the movements in the retail price index;

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