What does consol mean?
Definitions for consol
con·sol
This dictionary definitions page includes all the possible meanings, example usage and translations of the word consol.
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Wiktionary
consolnoun
A perpetual bond issued by the United Kingdom, from the 18th century.
Etymology: Abbreviation of consolidated annuity
Wikidata
Consol
Consol is a form of British government bond, dating originally from the 18th century. The first consols were originally issued in 1751. Consols are one of the rare examples of an actual perpetual bond: although they may be redeemed by the British government, this is unlikely to happen in the foreseeable future. In 1752, the Chancellor of the Exchequer and Prime Minister Sir Henry Pelham converted all outstanding issues of redeemable government stock into one bond, Consolidated 3.5% Annuities, in order to reduce the coupon rate paid on the government debt. In 1757, the coupon rate on the stock was reduced to 3%, leaving the stock as Consolidated 3% Annuities. The coupon rate remained at 3% until 1888. In 1888, the Chancellor of the Exchequer, George Joachim Goschen, converted the existing Consolidated 3% Annuities, along with Reduced 3% Annuities and New 3% Annuities, into a new bond, 2¾% Consolidated Stock under the National Debt Act 1888. As part of the terms of the Act, the coupon rate of the stock was reduced to 2½% in 1903, and the stock given a first redemption date of 5 April 1923, after which point the stock could be redeemed at par value by Act of Parliament.
Anagrams for consol »
colons
colóns
Numerology
Chaldean Numerology
The numerical value of consol in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of consol in Pythagorean Numerology is: 6
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"consol." Definitions.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.definitions.net/definition/consol>.
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