a b c d e f g h i j k l m n o p q r s t u v w y z search

TeachMeFinance.com - explain Consol historic definition... Consol -- An abbreviation or contraction for consolidated stock or bond. The stock representing the consolidation of the funded debt of Great Britain is called consols. A large part of the public debt of Great Britain, nine separate loans, being in the form of annuities , was consolidated in a 3 per cent stock (or bond) in 1751. In 1888 the 3 per cents were converted into 2 3-4 per cents with the provision that in 1903 the rate should be reduced to 2 1-2 per cent. The price of consols is regarded as the gage of the national credit of Great Britain. The official name of consols is consolidated annuities. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.