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