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

A sum was to be charged on the Consolidated Fund to enable the Council to meet the expenditure of the transferred Departments.

From The New Irish Constitution by Morgan, J. H.

Libraries of Government Departments—A total of £45,357 was spent on behalf of Government Departments financed from the Consolidated Fund and purchasing through the National Library Service.

From Report of the National Library Service for the Year Ended 31 March 1958 by New Zealand. National Library Service

Ireland also contributes annually to the Consolidated Fund of the United Kingdom a sum of over four millions.

From England's Case Against Home Rule by Dicey, Albert Venn

He also proposed that the new endowment should be a charge upon the Consolidated Fund, so that angry discussions of the kind in which bigotry and prejudice delight might be avoided.

From Lord John Russell by Reid, Stuart J. (Stuart Johnson)

The accounts of the Irish Consolidated Fund shall be audited as appropriation accounts in manner provided by the Exchequer and Audit Departments Act, 1866, by or under the direction of the holder of such office.

From England's Case Against Home Rule by Dicey, Albert Venn