gilt

adjective

\ ˈgilt

Definition of gilt

(Entry 1 of 3)

: covered with gold or gilt : of the color of gold

gilt

noun (1)

Definition of gilt (Entry 2 of 3)

1 : gold or something that resembles gold laid on a surface

2 slang : money

3 : superficial brilliance

4 : a bond issued by the government of the United Kingdom

gilt

noun (2)

Definition of gilt (Entry 3 of 3)

: a young female swine

History and Etymology for gilt

Adjective and Noun (1)

Middle English, from past participle of gilden to gild

Noun (2)

Middle English gylte, from Old Norse gyltr; akin to Old English gelde sterile — more at geld

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Time Traveler for gilt

The first known use of gilt was in the 14th century

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More Definitions for gilt

gilt

noun

Financial Definition of gilt

What It Is

Gilts are bonds issued by the British government. India's government bonds are also called gilts.

How It Works

Gilts get their nickname from the gilded edges that the security's certificates used to have.

In Britain, gilts are issued in 100-pound units and represent a loan to the government. The bonds promise income over a fixed term, and the government repays the principal at maturity. Investors can buy gilts from the British government by going to the government's Debt Management Office or via a brokerage service. Investors can also buy gilts at the post office.

Why It Matters

Gilts are the British equivalent of U.S. Treasury securities. Like Treasurys, some are indexed to inflation. Large financial institutions are the largest purchasers.

Source: Investing Answers

gilt

adjective