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consols

The Columbia Encyclopedia, 6th ed. | 2008 | Copyright

consols contraction of consol idated annuitie s, a bond issue designed to consolidate two or more outstanding issues, used in reference to British government stock. Public borrowing began in England with the establishment of the Bank of England and the national debt (1693-94), and the growth of the debt produced a confusing variety of stocks. Prime Minister Henry Pelham began to consolidate existing stocks in 1751. The consolidated stocks had a fixed rate of interest, or annuity, payable by the Bank of England, with premiums to be paid if the market conditions justified such payments. Consols bore no maturity date and were redeemable on call by the government. During the late 19th and early 20th cent., consols constituted the major part of the national debt and were thus a reliable index to the state of national credit.

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consols

The Concise Oxford Dictionary of English Etymology | 1996 | | Copyright

consols XVIII. Short for consolidated annuities, the government securities of Great Britain, consisting orig. of a great variety of public securities, which were consolidated in 1751 into a single stock.

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T. F. HOAD. "consols." The Concise Oxford Dictionary of English Etymology. 1996. Encyclopedia.com. 11 Feb. 2012 <http://www.encyclopedia.com>.

T. F. HOAD. "consols." The Concise Oxford Dictionary of English Etymology. 1996. Encyclopedia.com. (February 11, 2012). http://www.encyclopedia.com/doc/1O27-consols.html

T. F. HOAD. "consols." The Concise Oxford Dictionary of English Etymology. 1996. Retrieved February 11, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O27-consols.html

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Consols

The Oxford Dictionary of Phrase and Fable | 2006 | | Copyright

Consols British government securities without redemption date and with fixed annual interest; the term dates from the late 18th century, and is a contraction of consolidated annuities.

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ELIZABETH KNOWLES. "Consols." The Oxford Dictionary of Phrase and Fable. 2006. Encyclopedia.com. 11 Feb. 2012 <http://www.encyclopedia.com>.

ELIZABETH KNOWLES. "Consols." The Oxford Dictionary of Phrase and Fable. 2006. Encyclopedia.com. (February 11, 2012). http://www.encyclopedia.com/doc/1O214-Consols.html

ELIZABETH KNOWLES. "Consols." The Oxford Dictionary of Phrase and Fable. 2006. Retrieved February 11, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O214-Consols.html

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consols

Oxford Dictionary of Rhymes | 2007 | Copyright

consols •Casals • Charles •Dardanelles, Seychelles, Wells •Hales, Swales, Wales •entrails • telesales • cat-o'-nine-tails •Hills, Mills, Sills, Wills •Giles, Miles, Smiles, Stiles •hols • consols •balls, Rawls, Walls •Fowles •Bowles, Coles, Rolls •gules, Jules •collywobbles • Gorbals • Mumbles •Goebbels • Needles • oodles • Raffles •Engels • Gleneagles • Eccles • Pickles •Naples • Brussels • battels • Beatles •bristols • measles

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Consols

The Oxford Dictionary of Abbreviations | 1998 | | Copyright

Consols (ˈkɒnsɒlz) consolidated annuities (or stock)

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FRAN ALEXANDER , PETER BLAIR , JOHN DAINTITH , ALICE GRANDISON , VALERIE ILLINGWORTH , ELIZABETH MARTIN , ANNE STIBBS , JUDY PEARSALL , and SARA TULLOCH. "Consols." The Oxford Dictionary of Abbreviations. 1998. Encyclopedia.com. 11 Feb. 2012 <http://www.encyclopedia.com>.

FRAN ALEXANDER , PETER BLAIR , JOHN DAINTITH , ALICE GRANDISON , VALERIE ILLINGWORTH , ELIZABETH MARTIN , ANNE STIBBS , JUDY PEARSALL , and SARA TULLOCH. "Consols." The Oxford Dictionary of Abbreviations. 1998. Retrieved February 11, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O25-Consols.html

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