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sinking fund
(redirected from Redemption Funds)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
sinkĀ·ing fund (sngkng)
n.
A fund accumulated to pay off a corporate or public debt.

sinking fund
n
(Economics, Accounting & Finance / Banking & Finance) 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
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.sinking fund - a fund accumulated regularly in a separate account and used to redeem debt securities
fund, monetary fund - a reserve of money set aside for some purpose
Translations
sinking fund
n (Fin) → Tilgungsfonds m
sinking fund n (Comm) → fondo d'ammortamento


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Fitch calculations demonstrate sufficient debt service coverage through final maturity on both the series 2000A and series 2000B bonds under a scenario assuming no additional growth in assessed value (AV) and use of excess tax increment revenues currently held by the trustee in the revenue and redemption funds totaling $1.
Redemption funds will be available to holders of the security on July 17, 2003.
The surplus revenues are derived from MWRA's rate stabilization fund and bond redemption funds, which totaled $136 million at Dec.
 
 
 
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