| consolidation 1) 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. For example five 20p shares may be consolidated into one £1 share. In most cases this can be done by an ordinary resolution at a general meeting of the company. 2) The inclusion of one or more subsidiary companies in a parent company's financial statements. See also: consolidated financial statements. |