Definition, Meaning & Synonyms
consol
noun
/ˈkɒn.sɒl/
Definition
A consol is a type of bond that pays a fixed interest rate and has no maturity date.
Examples
- The UK government issued consols to finance its debts during the war.
- Investors appreciate the stability of consols as they provide ongoing interest payments.
- Many people believe that consols are a safe long-term investment option.
Meaning
It is a government bond that continues to yield interest indefinitely without a set date for repayment.
Synonyms
- bonds
- debentures
- fixed-income securities
