Consol (bond)
Type of government perpetual bond / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Consols?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
This article is about consolidated securities. For the Roman official, see Consul. For meanings of "console", see Console (disambiguation).
Consols (originally short for consolidated annuities, but subsequently taken to mean consolidated stock) were government debt issues in the form of perpetual bonds, redeemable at the option of the government. The first British consols were issued by the Bank of England in 1751.[1] They have now been fully redeemed.
The United States government issued consols from 1877 to 1930, which have likewise been redeemed.