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irredeemable gilts
irredeemable gilts irredeemable gilts gilts

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irredeemable gilts UK US noun [plural] (also undated gilts) FINANCE
bonds sold by the UK government with interest paid to lenders, but the principal (= original amount borrowed) will not be paid back: »

There are still some irredeemable gilts in issue.

Compare IRREDEEMABLE STOCK(Cf. ↑irredeemable stock)

Financial and business terms. 2012.