One of the mysteries of the English language finally explained.
A form of index-linked National Savings certificate, originally available only to pensioners.
- ‘There is no truth in the rumour that he has decided to go one better and start handing out ‘granny bonds’.’
- ‘I know for a fact my mother once had something I think was called a "granny bond" which was effectively a financial product offered to people above a certain age which had a slightly higher interest rate than people below could get.’
- ‘The Government can also think of granny bonds for future pensioners and the bearer bonds.’
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