consols

[ kon-solz, kuhn-solz ]
/ ˈkɒn sɒlz, kənˈsɒlz /

plural noun

Sometimes con·sol [kon-sol, kuhn-sol] /ˈkɒn sɒl, kənˈsɒl/ . 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.

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What does “clement” mean?
Also called bank annuities.

Origin of consols

short for consolidated annuities
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

Example sentences from the Web for consols

British Dictionary definitions for consols

consols
/ (ˈkɒnsɒlz, kənˈsɒlz) /

pl n

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

Word Origin for consols

short for consolidated stock
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012