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Gilt-edge Investments

A phrase introduced in the last quarter of the 19th century (when so many investments proved worthless), for investments in which no risks are incurred, such as debentures, preference shares, first mortgages, and shares in first-rate companies.

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Entry taken from Dictionary of Phrase and Fable, edited by the Rev. E. Cobham Brewer, LL.D. and revised in 1895.