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a fund to extinguish an indebtedness, usually a bond issue.
sinking fund
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.


Read Also:

  • Sinkless

    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.

  • Sinless

    adjective 1. free from or without sin. adjective 1. free from sin or guilt; innocent; pure

  • Sinner

    noun 1. a person who sins; transgressor.

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