Consol
A consol is a perpetual government bond that pays interest indefinitely without a fixed principal repayment date.
Gilt, gilt-edged, conventional gilt, index-linked gilt, consol, long bond, and undated government bond terms.
Gilts, index-linked, and undated government bonds are government-debt labels used for U.K. and related sovereign-bond contexts.
Use this branch when issuer market, inflation linkage, long maturity, or no-final-maturity structure changes the analysis.
| Term | What it clarifies |
|---|---|
| Gilt | U.K. government bond context. |
| Gilt-Edged Security | A historical or descriptive label for high-quality government debt. |
| Conventional Gilts | Gilts with conventional nominal cash flows. |
| Index-Linked Gilt | A gilt linked to an inflation index. |
| Consol | A historical undated government debt term. |
| Long Bond | A long-maturity bond label. |
| Undated Government Bond | Government debt without a conventional final maturity date. |
For stripped gilt cash-flow claims, use Treasury STRIPS, Zero-Coupon Securities, and Receipts.
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A consol is a perpetual government bond that pays interest indefinitely without a fixed principal repayment date.
Standard UK government bonds that pay periodic interest and return the principal at maturity.
A gilt is a UK government bond used to finance public borrowing and benchmark sterling interest-rate markets.
A gilt-edged security is a high-quality government bond, especially a UK gilt, associated with low default risk and benchmark status.
An index-linked gilt is a UK government security that adjusts interest and principal payments in line with inflation, offering protection against inflationary risks.
A long bond is a long-maturity debt security, often referring to a 30-year government or corporate bond.
An undated government bond has no fixed maturity date, so valuation depends on coupon income, redemption terms, and long-rate assumptions.