View synonyms for sinking fund

sinking fund

noun

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

A fund into which companies or governments place money to redeem their bonds and other forms of indebtedness.

First recorded in 1715–25

In his budget speech of 1793 he announced that he would always maintain the sinking fund.

The money may be repaid by equal instalments of principal, or of principal and interest, or by means of a sinking fund.

It amounts, as a person of great ability said in the debate, to an unlimited power of drawing upon the Sinking Fund.

It amounts, as a person of great ability said in the debate, to an unlimited power of drawing upon the sinking fund.

The issuing of the bonds and the care of the sinking fund were intrusted to the Comptroller.

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