From Longman Business Dictionarygiltsgilts /gɪlts/ noun [plural] FINANCE British government bonds sold by the BANK OF ENGLAND, done to finance the British NATIONAL DEBTGilts fell sharply despite continued firmness in the pound. → index-linked gilts → irredeemable gilts → long gilts → medium-term gilts → short-term gilts → undated gilts → variable rate gilts
