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