Consol
Consol is a type of perpetuity. Consols were originally bonds issued by England in the mid-1700s to consolidate past debt.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Consol. A type of perpetuity. Consols were originally bonds issued by England in the mid-1700s to consolidate past debt.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
