consols

[kon-solz, kuhn-solz]
plural noun 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.
Also called bank annuities.


Origin:
short for consolidated annuities

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World English Dictionary
consols (ˈkɒnsɒlz, kənˈsɒlz)
 
pl n
Also called: bank annuities irredeemable British government securities carrying annual interest rates of two and a half or four per cent
 
[short for consolidated stock]

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The lack of war news, and the higher quotations of consols were sufficient to make wheat and pork markets open lower this morning.
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