a fund to extinguish an indebtedness, usually a bond issue.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use sinking fund in a sentence
In his budget speech of 1793 he announced that he would always maintain the sinking fund.The Political History of England - Vol. X. | William Hunt
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.Thoughts on the Present Discontents | Edmund Burke
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.A Century in the Comptroller's Office, State of New York, 1797 to 1897 | James A. Roberts
British Dictionary definitions for 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
Cultural definitions for sinking fund
A fund into which companies or governments place money to redeem their bonds and other forms of indebtedness.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.