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Revision as of 19:32, 12 June 2021 by Doug Williamson (Talk | contribs) (Add second definition. Source: The Herbertsman Collection webpage https://www.theherbstmancollection.com/1877-consol-bonds)
1. Gilts - UK.
Abbreviation for consolidated stock.
Consolidated stock was perpetual debt, which comprised the majority of UK government debt prior to the Second World War.
All of the UK's consolidated stock and perpetual debt was redeemed by 2015.
Similar bonds issued by the US Treasury.