National Loans Fund

Definition:

Abbreviation. NLF. A fund of the Treasury held in an account at the Bank of England from which loans are made to nationalised industries, local authorities and similar bodies. At the end of each working day, if there is a surplus in the Consolidated Fund then that surplus is transferred to the National Loans Fund; if there is a deficit in the Consolidated Fund then it is made up by a transfer from the National Loans Fund. Money for the National Loans Fund is obtained primarily by the issue of government stocks.



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