Consol (usually plural consols): 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.
An irredeemable British government security carrying an annual interest rate of two and a half or four per cent. Also called: bank annuity.
A government bond in Great Britain, originally issued in 1751, that pays perpetual interest and has no date of maturity.
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