Definition of Consols in English:

Consols

plural noun

  • British government securities without redemption date and with fixed annual interest.

    • ‘For this period, he lists 126 lotteries; only 87 were strictly for cash prizes; in the rest, prizes were paid in consols or tickets in a supplementary lottery.’
    • ‘I write a letter to him saying ‘I give you my Blackacre estate, my leasehold house in the High Street, the sum of £1000 Consols standing in my name, the wine in my cellar.’’
    • ‘When the Funds are low, it is a good thing to redeem it, because you may pay in Consols instead of in money.’

Origin

Late 18th century: contraction of consolidated annuities.

Pronunciation:

Consols

/ˈkɒnsəlz/