R02 Study Assistance - Confused By Terminology

Hi All,

Recently started studying for R02, having a bit of trouble with some terminology. Could someone help clarify the difference between:

  • Gilts and Treasury Bills
  • Commercial Bills and Corporate Bonds

For Gilts vs Treasury Bills: is it about the term to maturity? I.e. Treasury Bills are short term, less than one year and Gilts are longer term? Although, I know you do get 'short' Gilts so that doesn't really give me an answer.

Any help at all would be great, I'm coming up with nothing on Google.

Thanks.

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