consols

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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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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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Consols (ˈkɒnsɒlz) consolidated annuities (or stock)