consol


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Consol

A government bond with no maturity . Popular in Great Britain. The formula for valuing these bonds is simple. The consol payment divided by yield to maturity is the price of the bond.

Perpetual Bond

A bond in which the issuer does not repay the principal. Rather, a perpetual bond pays the bondholder a fixed coupon as long as he/she holds it. Prices for perpetual bonds vary widely according to long-term interest rates. When interest rates rise, perpetual bonds fall and vice versa. Perpetual bonds are most common in the United Kingdom, where they were used originally to pay for the military.

consol

A debt instrument having no scheduled return of principal and therefore perpetual interest payments and no maturity. Consols fluctuate widely in price with changes in long-term interest rates. They have never been popular in the United States. Also called annuity bond, perpetual bond. See also perpetuity.

consol

a FINANCIAL SECURITY issued by the government as a means of raising money. Consols are issued at a fixed price and bear a nominal fixed INTEREST RATE. Unlike other securities issued by the government such as TREASURY BILLS and BONDS, consols are irredeemable, i.e. they do not carry a specified redemption date. However, consols can be bought and sold on the STOCK MARKET at variable prices reflecting the forces of supply and demand for them.
References in periodicals archive ?
The Consol plan calls for six well pads, with at least 45 Marcellus and Upper Devonian shale wells and three water impoundments, with initial drilling of wells scheduled to begin this summer.
The deal is expected to close on April 30, and is expected to account for as much as 35 percent of Consol s total revenue.
Natural gas production is conducted by CNX Gas Corporation, a majority-owned subsidiary of CONSOL Energy.
For the micro-turbine project, CONSOL Energy partnered with CNX Gas Corporation and Ingersoll Rand Energy Systems to install the unit.
3 billion tons of proven and recoverable coal reserves in the United States, CONSOL Energy is the largest producer of high-BTU bituminous coal in the nation.
In 2003, CONSOL was included in the prestigious "Information Week 500" as one of the top 500 companies in the United States that are leaders in innovation in business technology and IT operations.
After giving effect to these transactions, CONSOL Energy would consist primarily of (i) its core oil and gas exploration and production business, (ii) its interest in CONE Midstream Partners LP (NYSE: CNNX), (iii) a controlling interest in its cash flow generating thermal coal MLP and (iv) a controlling interest in its metallurgical coal subsidiary.
On that date, CONSOL issued a press release announcing that it would revise its second quarter outlook and that it expected to lower its dividend.
The complaint alleges that during the Class Period, Defendants issued false and misleading statements to the public which failed to disclose or misrepresented that CONSOL was utilizing an aggressive approach regarding its spot market sales, reserving 20% of its production to that market.
NYSE:VOL), and a leading provider of e-procurement systems and services, today further extended its leadership in e-procurement systems with the release of Consol, it's human capital e-procurement and spend management system.
PITTSBURGH, April 30, 2014 /PRNewswire/ -- CONSOL Energy Inc.
CONSOL Energy, a producer of coal and coalbed methane, and its contractor, Farnham & Pfile, selected IBM and Dassault Systemes to enhance the coal processing plant built in Mondsville, West Virginia.