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TeachMeFinance.com - explain Cumulative consols historic definition... Cumulative consols -- On receiving instructions the Bank of England will invest the interest on consols every quarter, adding it to the capital sum. The system is also applied to other British government issues and to some corporation stocks . 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.