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Bonds

E

ESmadja

Member
What's exactly is the difference between a gilt and a debenture?

Is it the seniority of the debt?
 
debentures and gilts

Hi, Gilt ae government securities which are large and very marketable. Debentures (in the UK terminology) are a type of corporate bond. They are specific corporate bonds that have assets backing the loan - often mortgages (called mortgage debentures). Considerably smaller issues than gilts and much less marketable. Hope this heps.:)
 
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