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.
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