1. a British government bond or security with no fixed maturity date, paying a fixed rate of interest indefinitely
Usage: finance; British; historical

Examples

• The investor purchased consols as a long-term income investment.
• Consols were a popular way for the British government to raise funds in the 18th and 19th centuries.
• Unlike regular bonds, consols have no maturity date and pay interest forever.
• The price of consols fluctuates based on interest rates and market conditions.
• Many wealthy families held consols as part of their investment portfolios.