Definition of Consolidated Fund in English:

Share this entry

Consolidated Fund

The account held by the Exchequer of the British government at the Bank of England into which public monies (such as tax receipts) are paid and from which major payments are made, other than those dependent on periodic parliamentary approval.
Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.