sinking fund

See synonyms for sinking fund on Thesaurus.com
noun
  1. a fund to extinguish an indebtedness, usually a bond issue.

Origin of sinking fund

1
First recorded in 1715–25

Words Nearby sinking fund

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How to use sinking fund in a sentence

British Dictionary definitions for sinking fund

sinking fund

noun
  1. 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

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.