Pronunciation: (kon'solz, kun-solz'), [key]
—n.pl. Sometimes, consol.
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. Also called bank annuities.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.