Share this entry

Share this page

Consols

Line breaks: Con|sols
Pronunciation: /ˈkɒns(ə)lz
 
/

Definition of Consols in English:

plural noun

British government securities without redemption date and with fixed annual interest.
Example sentences
  • I write a letter to him saying ‘I give you my Blackacre estate, my leasehold house in the High Street, the sum of £1000 Consols standing in my name, the wine in my cellar.’
  • For this period, he lists 126 lotteries; only 87 were strictly for cash prizes; in the rest, prizes were paid in consols or tickets in a supplementary lottery.
  • When the Funds are low, it is a good thing to redeem it, because you may pay in Consols instead of in money.

Origin

late 18th century: contraction of consolidated annuities.

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day sacerdotal
Pronunciation: ˌsasəˈdəʊt(ə)l
adjective
relating to priests or the priesthood; priestly