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Consolidated Fund

a British national fund created to pay grants to the royal family, interest on public debt, etc., by consolidating various public securities.
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Based on the Random House Dictionary, © Random House, Inc. 2017.
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Consolidated Fund

(Brit) a fund into which tax revenue is paid in order to meet standing charges, esp interest payments on the national debt
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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