Consols

Consols
Consols Con"sols (? or ?; 277), n. pl. [A contraction of consolidated (annuities).] The leading British funded government security. [1913 Webster]

Note: A considerable part of the public debt of Great Britian, which had been contracted in the form of annuities yielding various rates of interest, was, in 1757, consolidated into one fund at 3 per cent interest, the account of which is kept at the Bank of England. This debt has been diminished and increased at different times, and now constitutes somewhat more than half of the entire national debt. The stocks are transferable, and their value in the market constantly fluctuates; the price at any time being regarded as a gauge of the national prosperity and public confidence. [1913 Webster] ||


The Collaborative International Dictionary of English. 2000.

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Synonyms:
(of the English Government)


Look at other dictionaries:

  • Consols — (originally short for consolidated annuities, but can now be taken to mean consolidated stock) are a form of British government bond (gilt), dating originally from the 18th century. Consols are considered one of the rare examples of an actual… …   Wikipedia

  • Consols — Consols, englische Staatspapiere. Diese 3% C. (Consolidirte Annuitäten, Three per cent consols, od. Consolidated annuities) bilden den Haupttheil der englischen Staatsschuld u. sind die an der Londoner Börse am häufigsten vorkommenden Effecten,… …   Pierer's Universal-Lexikon

  • Consols — (engl.), s. Konsols …   Meyers Großes Konversations-Lexikon

  • Consols —   [kən sɔlz, englisch], Konsols [kən sɔlz], Singular Consọl der, s, Kurzwort für Consolidated stocks [kən sɔlɪdeɪtɪd stɔks], Typ von langfristigen Staatsanleihen, deren Ausgabe der Umwandlung (Konsolidierung) kurzfristiger in langfristige… …   Universal-Lexikon

  • consols — (izg. kȍnsols) m DEFINICIJA bank. konsolidirane obveznice; izdaju se prilikom konverzije starih zajmova u jedan novi ETIMOLOGIJA engl …   Hrvatski jezični portal

  • consols — [kän′sälz΄, kən sälz′] pl.n. [< consolidated annuities] British government securities, esp. those established in 1751 by the consolidation of nine loans …   English World dictionary

  • consols — See consolidated stock. Dresdner Kleinwort Wasserstein financial glossary Consols are British bonds that have no specified maturity date and pay a coupon forever. London Stock Exchange Glossary * * * Consols Con‧sols [ˈkɒnsɒlz, kənˈsɒlz ǁ… …   Financial and business terms

  • consols — n.pl. British government securities without redemption date and with fixed annual interest. Etymology: abbr. of consolidated annuities * * * plural of consol * * * /kon solz, keuhn solz /, n.pl. Sometimes, consol. the funded government securities …   Useful english dictionary

  • consols — /kon solz, keuhn solz /, n.pl. 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… …   Universalium

  • CONSOLS —    the Consolidated Fund, loans to Government made at different times and at different rates of interest, consolidated for convenience into one common loan, bearing interest at 3 per cent., reduced in 1830 to 2¾, and in 1893 to 2½ …   The Nuttall Encyclopaedia

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