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Welcome to our lesson on Gilts, an important term in the world of finance. Gilts refer to securities that are issued by the central government and are considered to have minimal risk. These fixed interest rate securities have a maturity period of over 1 year, making them a great long-term investment option. One of the key reasons for their safety is the government's ability to print money to repay the principal and interest. This makes Gilts a popular choice for risk-averse investors.