British government securities, esp. those established in 1751 by the consolidation of nine loans
Word origin
< consolidated annuities
consols in American English
(ˈkɑnsɑlz, kənˈsɑlz)
plural noun
(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 maturity