granny bond

British

noun

(in Britain) an informal name for retirement issue certificate, an index-linked savings certificate, originally available only to people over retirement age

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Depressed granny bond and annuity rates have already created a climate in which even the most determined of Tory axe men dare not take a swing at winter fuel payments; negative interest would redouble the resentment – and land it so squarely in Threadneedle Street that it is hard to imagine that bank independence would long survive.

From The Guardian

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023