This gain of one per cent., by money borrowed from the company, was to constitute a sinking fund to pay the debt.
A sinking fund is an asset and may or may not be withdrawn from the business.
This would have been much better applied, had it been placed with the Commissioners of the sinking fund.
The sinking fund suits your talents better than sinking of ships.'
The most original feature of the financial system instituted by this statesman, however, was the sinking fund.
At the same time Mr. Griswold, in an elaborate speech made on March 2, attacked the accounts of the sinking fund.
This act contained a clause by which the sinking fund was established.
A sinking fund was started for the purchase of lots and the erection of suitable buildings.
The success of this method of financing depends upon the proper administration of 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.
A fund into which companies or governments place money to redeem their bonds and other forms of indebtedness.