Meaning of “Exchequer stock” in the English Dictionary

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"Exchequer stock" in Business English

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Exchequer stocknoun [ U ]

uk us

GOVERNMENT, FINANCE one of the names used for British government bonds:

The Bank of England has today announced an offer to convert holdings of 12% Exchequer Stock into 8% Treasury Stock.

(Definition of “Exchequer stock” from the Cambridge Business English Dictionary © Cambridge University Press)