• Government bonds in the UK, India and some other Commonwealth countries are known as securities.

  • They are called gold-plated because the original certificates issued by the British government had gold-plated edges.
  • Gilts can be ordinary securities issued in nominal terms, or indexed securities that are indexed for inflation.
  • Corporate bonds and low-risk stocks may also be referred to as gold or gold-edged securities.
  • Gilt funds are ETFs or mutual funds that invest primarily in government bonds, usually in the UK or India.