A bond issued by the UK government. Gilts are the UK equivalent of a U.S. Treasury security.
UK bonds are called Gilt Edged Securities, or Gilts for short. More on Bond bets Click Here
Secure bonds issued by the UK government also known as 'gilt edged securities' or 'fixed interest securities'. Gilts are bought at their par value or at face value. Most gilts are 'dated' which means that at a fixed date in the future, the par value will be repaid to the investor. The categories or time frames for gilts tend to be: Short dated gilts ('shorts') - these have a life of up to 5 years. Medium dated ('mediums') - these have a life of 5 - 15 years. and Long dated ('longs') - have a life of 15 years or more.