sinking fund

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Related to sinking funds: amortization, Call provision

sink·ing fund

(sĭng′kĭng)
n.
A fund accumulated to pay off a corporate or public debt.

sinking fund

n
(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

sink′ing fund`


n.
a fund for extinguishing an indebtedness.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in classic literature ?
A saving of five hundred millions annually had far more virtue than the accumulation of a sinking fund whose dangers were plainly to be seen.
Additionally, MFABC returns all excess earnings on sinking fund investments to its borrowers, once sinking funds have earned enough to satisfy associated debt service requirements.
Dubai The absence of sinking funds and exorbitant maintenance charges throughout Dubai could leave existing investors out of pocket and new ones thinking twice before buying.
Higher maintenance costs are necessary, he says, particularly to build up sinking funds for properties.
They also found that Big Six auditors are significantly associated with higher interest costs, but are not associated with the use of sinking funds.
In substance defeasance differs from sinking funds held by a trustee because the right of offset against liabilities is not permitted under GAAP.
Their sinking funds are indexed in the following manner.
Because sinking funds are available to replace deteriorating assets, the town is able to proceed with the replacement of capital on schedule.
Section I of this paper presents some summary statistics on sinking funds provisions and on the prevalence of prepurchases.
29, 2006 with proceeds of the State's Board of Education Lottery Revenue Refunding Bonds, Series 2006B and amounts transferred from the sinking funds for the refunded bonds.
These bonds were refunded on June 22, 2006 with proceeds of the issuer's hospital revenue refunding and improvement bonds, series 2006A and taxable hospital revenue refunding and improvement bonds, series 2006C (auction rate securities) and funds transferred from the refunded bonds' sinking funds.
Prudent financial policies include a capital set-aside of the income tax, the accumulation of sinking funds for bond repayment, the use of zero-base budgeting, and a five-year expenditure forecast.