debt sinking fund
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sinking fund — Assets and their earnings earmarked for the retirement of bonds or other long term obligations. An obligation sometimes imposed pursuant to the issuance of debt securities or preferred shares by which the issuer is required each year to set aside … Black's law dictionary
sinking fund — see fund 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. sinking fund … Law dictionary
Sinking fund — Fund Fund, n. [OF. font, fond, nom. fonz, bottom, ground, F. fond bottom, foundation, fonds fund, fr. L. fundus bottom, ground, foundation, piece of land. See {Found} to establish.] 1. An aggregation or deposit of resources from which supplies… … The Collaborative International Dictionary of English
Sinking fund — Historical ContextA Sinking Fund was a device used in Great Britain in the 18th century to reduce national debt. While used by Robert Walpole in 1716 and effectively in the 1720s and early 1730s, it originated in the commercial tax syndicates of… … Wikipedia
sinking fund — Cash set aside under restricted conditions as required by the terms of certain types of debt. See sinking fund bonds ( sinkers). American Banker Glossary A fund to which money is added on a regular basis that is used to ensure investor confidence … Financial and business terms
sinking fund — a fund to extinguish an indebtedness, usually a bond issue. [1715 25] * * * Fund set aside by a corporation or government agency for the purpose of periodically redeeming bonds, debentures, and preferred stocks. The fund is accumulated from… … Universalium
Sinking Fund — A means of repaying funds that were borrowed through a bond issue. The issuer makes periodic payments to a trustee who retires part of the issue by purchasing the bonds in the open market. Rather than the issuer repaying the entire principal of a … Investment dictionary
sinking fund — A fund accumulated by a debtor, usually a corporation or public body, and invested in such a manner that its gradual accumulations will enable it to meet and wipe out the debt at maturity thereof. Huron v Second Ward Sav. Bank (CA8 SD) 86 F 272.… … Ballentine's law dictionary
sinking fund — noun a fund accumulated regularly in a separate account and used to redeem debt securities • Hypernyms: ↑fund, ↑monetary fund … Useful english dictionary
sinking fund — /ˈsɪŋkɪŋ fʌnd / (say singking fund) noun a fund into which regular payments are made, either for the purpose of liquidating a debt by degrees, or for meeting future commitments …
