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Webster's Unabridged Dictionary: Library in Itself

The dictionary's 1913 edition of the 1900 International, renamed Webster's Revised Unabridged Dictionary, has in modern times been used in various free online resources, as its copyright lapsed and it became public domain.
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Consols

Consols (consols)
n. pl.(? or (?); 277)
Con"sols
[A contraction of consolidated (annuities).]
  1. The leading British funded government security.

    * A considerable part of the public debt of Great Britian, which had been contracted in the form of annuities yielding various rates of interest, was, in 1757, consolidated into one fund at 3 per cent interest, the account of which is kept at the Bank of England. This debt has been diminished and increased at different times, and now constitutes somewhat more than half of the entire national debt. The stocks are transferable, and Their value in the market constantly fluctuates; the price at any time being regarded as a gauge of the national prosperity and public confidence.













Webster's Unabridged Dictionary: Library in Itself

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May 28, 2012
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  0.0056109428405762|May 28, 2012 => 9:26 pm