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Investment pp 16-26 | Cite as

British Government, Corporation and Commonwealth Stocks

  • Joseph Chilver
Chapter

Abstract

When the British Government needs to borrow money from the public it can do so by issuing new stocks. These stocks are commonly described as ‘gilt-edged’ (or ‘gilts’), which indicates they are ‘safe’ securities since the British Government has never defaulted in the payment ; of interest due on its stocks, nor has it failed to repay (or redeem) any of its stocks on the due dates.

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Copyright information

© Joseph Chilver 1982

Authors and Affiliations

  • Joseph Chilver
    • 1
  1. 1.Dorset Institute of Higher EducationUK

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