A consolidated fund stock (‘Consolidated Annuity’) of the UK government issued as an unredeemable fixed interest security They were introduced in 1751 as a means of replacing a variety of government bonds of different MATURITIES and...

Consols (originally short for consolidated annuities, but can now be taken to mean consolidated stock) are a form of British government bond (gilt), dating originally from the 18th century. Consols are considered one of the rare examples of an actual...