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Consolidated Fund

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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Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for Consolidated Fund

Consolidated Fund

noun
1.
(Brit) a fund into which tax revenue is paid in order to meet standing charges, esp interest payments on the national debt
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
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