单词 | consolidation |
释义 | consolidation consolidation1. An increase in the nominal price of a company’s shares, by combining a specified number of lower-price shares into one higher-priced share. In most cases this can be done by an ordinary resolution at a general meeting of the company. Consols Government securities that pay interest but have no redemption date. The present bonds, called consolidated annuities or consolidated stock, are the result of merging several loans at various different times going back to the 18th century. Their original interest rate was 3% on the nominal price of £100; some now pay 2½% and therefore stand at a price that makes their annual yield comparable to long-dated gilt-edged securities, e.g. at £31 they yield about 8%. |
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