TeachMeFinance.com - explain Cumulative consols
Cumulative consols -- On receiving instructions the Bank of
England will invest the interest on consols every quarter, adding
it to the capital sum. The system is also applied to other
British government issues and to some corporation stocks .
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.