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sinking fund

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noun
  1. a fund to extinguish an indebtedness, usually a bond issue.
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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

Historical Examples

  • Others have reduced the Army, and added to the Sinking-Fund.

    The Tricks of the Town: or, Ways and Means of getting Money

    John Thomson

  • In 1899 the provisions for the sinking-fund were also included.

  • 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

    Theodore Dreiser

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
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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
sinking fund in Culture

sinking fund

A fund into which companies or governments place money to redeem their bonds and other forms of indebtedness.

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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.