consol definition

  • noun:
    • Chiefly British A government bond in Great Britain, originally released in 1751, that pays perpetual interest and contains no day of maturity. Usually utilized in the plural. Also known as lender annuity.
    • A perpetual bond issued because of the great britain, from 18th century.
    • A consolidated annuity (see consols); -- chiefly in combo or attributively.

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