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sinking fund

a fund to extinguish an indebtedness, usually a bond issue.
1715-25 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for sinking fund
  • The sinking fund shall be deposited in a depositary selected by the county buildings commission.
  • Another way to prepare for unacceptable loses, especially when loses are predictable, is by using a sinking fund.
  • The sinking fund is used to payoff the bond at termination.
British Dictionary definitions for sinking fund

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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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sinking fund in Culture

sinking fund definition

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

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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