- a fund to extinguish an indebtedness, usually a bond issue.
Origin of sinking fund
First recorded in 1715–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for 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.
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.