| Sometimes, bank annuity. consols. |
[kon-solz, kuh
n-solz] 
| 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. |
| bank annuity n. Chiefly British See consol. |
| con·sol (kŏn'sŏl, kən-sŏl') n. Chiefly British A government bond in Great Britain, originally issued in 1751, that pays perpetual interest and has no date of maturity. Often used in the plural. Also called bank annuity. [Short for Consolidated Annuity.] |