| 单词 | consolidated annuities |
| 释义 | > as lemmasconsolidated annuities consolidated annuities: the Government securities of Great Britain, including a large part of the national debt, consisting originally of a great variety of public securities, which were consolidated in 1751 (25 Geo. II. c. 27) into a single stock bearing interest at 3 per cent. (In 1889, the interest was reduced to 23/ 4 per cent., and is to be further reduced in 1903 to 21/ 2.) See also the abbreviated form consol n. Consolidated Fund: the united product of various taxes and other branches of the revenue of Great Britain and Ireland, whence the interest of the national debt, the grants to the Royal Family, the Civil List, and other charges not dependent upon annual vote in Parliament, are paid.extracted from consolidatedadj.< as lemmas |
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