CONSOLS

Noun

consols

plural of consol

Anagrams

• Closson

Source: Wiktionary


Con"sols ( or , n. pl. Etym: [A contraction of consolidated (annuities).]

Definition: The leading British funded government security.

Note: 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.

CONSOL

Con*sol", n.

Definition: A consolidated annuity (see Consols); -- chiefly in combination or attributively.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

6 May 2024

LIBERTY

(noun) freedom of choice; “liberty of opinion”; “liberty of worship”; “liberty--perfect liberty--to think or feel or do just as one pleases”; “at liberty to choose whatever occupation one wishes”


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Coffee Trivia

In 1884, Angelo Moriondo of Turin, Italy, demonstrated the first working example of an espresso machine.

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