con·sol \ˈkänˌsäl, kənˈ-\noun (-s) Usage: sometimes capitalized, often attributive Etymology:consolidated annuity : a bond issue having no maturity date although the issuer may have the right to call for redemption; especially: a perpetual interest-bearing obligation first issued by the British government in 1751 < the consol market > — usually used in plural < an old dowager countess whose money was all in Consols — Samuel Butler †1902 >