consols

[kon-solz, kuhn-solz]

plural noun

1. Sometimes consol the funded government securities of Great Britain that originated in the consolidation in 1751 of various public securities, chiefly in the form of annuities, into a single debt issue without maturity.

consols

/ ˈkɒnsɒlz, kənˈsɒlz /

plural noun

1. Also called: bank annuities. irredeemable British government securities carrying annual interest rates of two and a half or four per cent

Word History and Origins

Origin of consols¹

Short for consolidated annuities

Word History and Origins

Origin of consols¹

short for consolidated stock

Example Sentences

Governments could also issue irredeemable debt, or “consols”, which eliminate the risk of a refinancing crisis.

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The snapshot above - taken in the middle of a business day in 1894 - shows staff and customers in the Consols Office at Threadneedle Street.

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Darcy did not tote up the value of his land, consols and other assets, and fret when the prices went down.

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Also set for repayment are “4 percent consols,” or securities, issued in 1927 by Winston Churchill, then chancellor of the Exchequer, partly to refinance National War Bonds originating from World War I. Now worth £218 million, they will be repaid in February.

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They were and are thus known as “Consols”.

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