granny bond

(redirected from granny bonds)
Also found in: Financial.

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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Mentioned in ?
References in periodicals archive ?
ANOTHER 100 call centre staff have been hired to help deal with the chaotic launch of the Government's "granny bonds".
ANOTHER 100 centre staff have been hired to help deal with the chaotic launch of the Government's "granny bonds".
THE launch of the "granny bonds" scheme descended into chaos yesterday as pensioners rushed to get their hands on the accounts.
She has pounds 5000 in her five-year fixed-rate Granny Bonds and she gets pounds 18 a month interest.