a fund to extinguish an indebtedness, usually a bond issue.
a fund accumulated out of a business enterprise’s earnings or a government’s revenue and invested to repay a long-term debt or meet a depreciation charge
sinking fund definition
A fund into which companies or governments place money to redeem their bonds and other forms of indebtedness.
adjective 1. unsinkable, as a ship.
- Sink through the floor
Suffer extreme embarrassment, as in When she called our name on the list of those who owed dues, I sank through the floor. This hyperbolic term dates from the early 1900s.
adjective 1. free from or without sin. adjective 1. free from sin or guilt; innocent; pure
noun 1. a person who sins; transgressor.