consol(redirected from Perpetual bond)
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often consols A government bond in Great Britain, originally issued in 1751, that pays perpetual interest and has no date of maturity. Also called bank annuity.
[Short for Consolidated Annuity.]
(Banking & Finance) (usually plural) an irredeemable British government security carrying an annual interest rate of two and a half or four per cent. Also called: bank annuity
[short for consolidated stock]
A long-range radio aid to navigation, the emissions of which, by means of their radio frequency modulation characteristics, enable bearings to be determined.