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executive privilege
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exempt gilt
ex·empt gilt (plural ex·empt gilts)


noun 
Definition:
 
U.K. government bond with tax benefits: a United Kingdom government bond whose interest is tax-exempt for nonresidents
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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