Legal Definition and Related Resources of Consolidated fund
Meaning of Consolidated fund
In England. Usually abbreviated to consols. A fund for the payment of the public debt.
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| Consolidated Fund in the Dictionary | Consolidated Fund in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Consolidated Fund |
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| Related topics | Consolidated Fund in the World Encyclopedia of Law |
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This definition of Consolidated Fund is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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English Legal System: Consolidated Fund
In the context of the English law, A Dictionary of Law provides the following legal concept of Consolidated Fund : The central account with the Bank of England maintained by the government for receiving public revenue and meeting public expenditure. Most payments from it are authorized annually by Consolidated Fund Acts, but some (e.g. judicial salaries) are permanent statutory charges on it.
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