Consolidated Fund

American  

noun

1. 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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Consolidated Fund British  

noun

1. a fund into which tax revenue is paid in order to meet standing charges, esp interest payments on the national debt

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Example Sentences

It also said the package agreed with the company meant it would be spent on local improvements for customers, rather than being directed to the Treasury's consolidated fund.

From BBC

The Consolidated Fund is the government's general bank account at the Bank of England.

From BBC

The money goes into what is called the consolidated fund, which is effectively the government's current account for general expenditure.

From BBC

A spokesman for the Crown Office confirmed: "The property is now vested in the trustee for civil recovery, who will arrange for the house to be sold and the free proceeds, along with any interest in the term assurance policy, to be remitted to the Scottish Consolidated Fund."

From BBC

By an ordinance issued in 1861 by the University Commissioners, appointed under the Act of 1858, a grant of £100 a year was made from the Consolidated Fund for an assistant in each of the departments of Humanity, Greek, Mathematics, and Natural Philosophy, and for two in the department of Chemistry; and McFarlane's position was somewhat improved.

From Project Gutenberg