| 释义 |
granny bond
granny bond n (Banking & Finance) (in Britain) an informal name for retirement issue certificate, an index-linked savings certificate, originally available only to people over retirement age Granny Bond
Granny BondA savings bond with an interest rate linked to an index such that the return stays ahead of inflation. This is useful for people on fixed incomes who otherwise might suffer from an inflation tax; that is, they may otherwise see their savings decrease in real value. It is available in the United Kingdom to people over retirement age. |