- a fund to extinguish an indebtedness, usually a bond issue.
Origin of sinking fund
Related Words for sinking fundcache, stash, savings, stockpile, backup, funds, investment, means, provisions, reserve, resources
Examples from the Web for sinking fund
Historical Examples of sinking fund
Others have reduced the Army, and added to the Sinking-Fund.
In 1899 the provisions for the sinking-fund were also included.The Government of England (Vol. I)
A. Lawrence Lowell
The remaining $150,000, has been placed in the sinking-fund.Solaris Farm
Milan C. Edson
It is in allusion to this that we have spoken of the sinking-fund as a great hoax.
And the certificates for which the check had been purloined were not in the sinking-fund as they should have been.The Financier
- 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
A fund into which companies or governments place money to redeem their bonds and other forms of indebtedness.