What does GILTS mean in Unclassified?
This page is about the meanings of the acronym/abbreviation/shorthand GILTS in the Miscellaneous field in general and in the Unclassified terminology in particular.
Great Instrument for Long Term Swindling
Submitted by S4Bot on October 12, 2022
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Definition
What does GILTS mean?
- gilts
- Gilt-edged securities are bonds issued by the UK Government. The term is of British origin, and then referred to the debt securities issued by the Bank of England on behalf of His Majesty's Treasury, whose paper certificates had a gilt (or gilded) edge. Hence, they are known as gilt-edged securities, or gilts for short. In 2002, the data collected by the British Office for National Statistics revealed that about two-thirds of all UK gilts are held by insurance companies and pension funds. Since 2009 large quantities of gilts have been created and repurchased by the Bank of England under its policy of quantitative easing, and in recent years overseas investors have also been attracted to gilts by their "safe haven" status.
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"GILTS." Abbreviations.com. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.abbreviations.com/term/2657539>.
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