Question
Gilt-edged market means?
Solution
The term is of British origin, and then referred to the debt securities issued by the Bank of England, whose paper certificates had a gilt (or gilded) edge. Hence, they are known as gilt-edged securities. Since government cannot default on its payment obligations, the government securities are risk free and hence known as "gilt-edged" - which means 'of the best quality'.
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d...
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 �...
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