Consolidated Third would be redeemable for national lands; similar to what the Assignat was originally before it became a paper currency The value of these bonds was only one third of the value of the national debt, thus being a form of Debt consolidation. This would represent a repudiation of most of the state's debt, and a bankruptcy of two-thirds of the debt, leading to the euphemism of the remaining being a consolidated third. Consolidated Third The Consolidated Third (French: "le tiers consolidé") is the name given in France to the 1797 repudiation of public debt of which only one third was
Major thirds tuning improvisation. In contrast, chords cannot be shifted around the fretboard in standard tuning, which requires four chord-shapes for the major chords: There are separate fingerings for chords having root notes on one of the four strings three–six. The repetition of the major-thirds tuning enables notes and chords to be raised one octave by being "vertically" shifted by three strings. Notes and chords may be shifted "diagonally" in major-thirds tuning, by combining a vertical shift of one string with a horizontal shift of four frets: "Like all regular tunings, chords in the major third tuning can be moved across the fretboard