GILT EDGED SECURITY
\ɡˈɪlt ˈɛd͡ʒd sɪkjˈʊ͡əɹɪti], \ɡˈɪlt ˈɛdʒd sɪkjˈʊəɹɪti], \ɡ_ˈɪ_l_t ˈɛ_dʒ_d s_ɪ_k_j_ˈʊə_ɹ_ɪ_t_i]\
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Such securities once had gilded edges. High-grade bond, known to pay its obligations on time and in full. Issued by a stable firm with a long record of consistent earnings, or a national (federal) government. Also refer to treasuries.
By Henry Campbell Black
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