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Meaning of consols

con•sols

Pronunciation: (kon'solz, kun-solz'), [key]
— consol.
  1. the funded government securities of Great Britain that originated in the consolidation in 1751 of various public securities, chiefly in the form of annuities, into a single debt issue without maturity.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.