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The Collaborative International Dictionary
The Consolidated Fund

Consolidated \Con*sol"i*da`ted\, p. p. & a.

  1. Made solid, hard, or compact; united; joined; solidified.

    The Aggregate Fund . . . consisted of a great variety of taxes and surpluses of taxes and duties which were [in 1715] consolidated.
    --Rees.

    A mass of partially consolidated mud.
    --Tyndall.

  2. (Bot.) Having a small surface in proportion to bulk, as in the cactus.

    Consolidated plants are evidently adapted and designed for very dry regions; in such only they are found.
    --Gray.

    The Consolidated Fund, a British fund formed by consolidating (in 1787) three public funds (the Aggregate Fund, the General Fund, and the South Sea Fund). In 1816, the larger part of the revenues of Great Britian and Ireland was assigned to what has been known as the Consolidated Fund of the United Kingdom, out of which are paid the interest of the national debt, the salaries of the civil list, etc.

Usage examples of "the consolidated fund".

As Captain Hornblower would see from the enclosed account, there was the sum of three thousand two hundred and ninety-one pounds six and fourpence invested in the Consolidated Fund, which would naturally revert to him.