noun
- British government securities without a fixed maturity date
Usage: finance; British
Examples
- The investor purchased consols as a long-term investment strategy.
- Consols were first issued by the British government in the 18th century.
- The yield on consols fluctuated with market conditions.
- Many pension funds held consols in their portfolios.
- The government decided to redeem all outstanding consols.
- Consols provided a steady income stream for bondholders.