consolidated-annuities

The investor holds consolidated-annuities as a long-term, secure investment.

Definition

1. Noun (plural):
   • British government securities: "Consolidated annuities" (often abbreviated as "consols") refer to a type of perpetual bond issued by the British government, first created in 1751. They are a form of government debt that pays a fixed interest indefinitely, with no maturity date.
   • Historical financial instrument: A consolidated fund that combined various government debts into a single, manageable security, allowing investors to receive regular interest payments.

Usage Examples

• (A perpetual bond from the British government.)
• (Historical reference to the creation of these securities.)

Advanced Usage

• "consols" (abbreviation): The common shorthand for consolidated annuities, often used in financial contexts.

  • Many Victorian-era families relied on consols for their retirement income. (Consols provided reliable, fixed interest payments.)

• "perpetual bond": A synonym for consolidated annuities, emphasizing the indefinite duration.

  • Unlike regular bonds, perpetual bonds like consolidated annuities have no maturity date. (They never repay the principal.)

Variants and Related Words

• Consolidate (verb): to combine multiple things into one.
  • The government decided to consolidate its debts into a single security. (To merge debts.)
• Annuity (noun): a fixed sum of money paid to someone each year, typically for the rest of their life.
  • A pension is a form of annuity. (Regular payments over time.)

Synonyms

• Perpetual bond: a bond with no maturity date.
• Government stock: securities issued by a government.

Related Idioms

• "Safe as consols": an old idiom meaning extremely secure or reliable, derived from the stability of consolidated annuities.
  • Her investment strategy is as safe as consols. (Very low risk.)