These are secure bonds issued by the UK government, also known as 'gilt edged securities' or 'fixed interest securities'. Gilts are bought at their par value or at face value. Most gilts are 'dated', which means that at a fixed date in the future, the par value will be repaid to the investor.
The gross amount is the amount before the deduction of tax.
Gross redemption yield
The return on a fixed interest security such as a gilt, expressed as an annual percentage.
The gross yield on an investment is the annual gross dividend or income received, expressed as a percentage.
Guaranteed income bond
A single premium insurance bond which pays out a fixed amount of annual income and returns the original sum invested at maturity.
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