Word Study
consols
CIDE DICTIONARY
consols, n. pl. [A contraction of consolidated (annuities).].
The leading British funded government security. [1913 Webster]
" 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]
OXFORD DICTIONARY
consols, n.pl. British government securities without redemption date and with fixed annual interest.
Etymology
abbr. of consolidated annuities
ROGET THESAURUS
consols
Treasury
N treasury, bank, exchequer, fisc, hanaper, cash register, kutcherry, bursary, strong box, strong hold, strong room, coffer, chest, safe, bank vault, depository, till, tiller, purse, money bag, money box, porte-monnaie, purse strings, pocket, breeches pocket, sinking fund, stocks, public stocks, public funds, public securities, parliamentary stocks, parliamentary funds, parliamentary securities, Consols, credit mobilier, bonds.For further exploring for "consols" in Webster Dictionary Online
