gilt-edged
UK[ˌɡɪlt ˈedʒd]US[ˌɡɪlt ˈedʒd]
adj
(of securities or stocks) having the highest level of credit quality and considered very safe investments.
adj
of the highest quality; excellent.
Morpheme Breakdown
gilt
edged
gilt
gold
edged
having an edge
Etymology
the term 'gilt-edged' originated in the physical world of bookbinding and luxury goods, where the edges of pages or objects were literally trimmed and coated with a thin layer of gold leaf, signifying exceptional value and durability. this tangible attribute of being 'gold-edged' was metaphorically transferred to the financial sector in the 19th century. it was first applied to british government bonds, whose certificates famously had gilded edges, to denote their supreme security and creditworthiness, as solid and reliable as gold. from this specific financial use, the term broadened again to describe anything of the finest or most assured quality, completing its journey from a literal description of opulence to an abstract benchmark of excellence.
Analysis
Structure: gilt (gold) + edged (having an edge)
gilt: from old english 'gyldan' (to gild), of germanic origin. functions as a past participle meaning 'covered with a thin layer of gold'.
edged: from middle english 'egge' (sharp side), from old english 'ecg', of germanic origin. the suffix '-ed' forms an adjective meaning 'having a (specified) edge or border'.
Examples
the pension fund invests primarily in gilt-edged securities.
in times of economic uncertainty, investors flock to gilt-edged bonds for safety.
she has a gilt-edged reputation in the field of academic research.