Definition of Consols in English:

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Consols

Pronunciation: /ˈkɒnsəlz/

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.

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