UK government bonds which do not have a predetermined maturity date. They are often referred to as irredeemables, since it is unlikely the government will choose to redeem them due to the low interest rates the existing issues are paying. Dresdner Kleinwort Wasserstein financial glossary
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undated gilts UK US noun [plural] FINANCE
► IRREDEEMABLE GILTS(Cf. ↑irredeemable gilts)
Financial and business terms. 2012.