sinking fund


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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 ?
In which D'Artagnan begins to fear he has placed his Money and that of Planchet in the Sinking Fund
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.
The Treasury's income in the first seven months jumped 30.9 percent year-on-year to P102 billion as its July collection grew by more than a fifth, 'mainly driven by higher income from national government deposits, investment from the bond sinking fund, guarantee fees and the national government's share from Pagcor (Philippine Amusement and Gaming Corp.) income.'
This is because it is a huge burden not only to the banks that make annual contributions to the sinking fund, but also on the CBN.
Under amortization, agrarian reform beneficiaries (ARB) were allotted P344 million while the bond sinking fund (BSF) received P25.649 billion in the local front.
A sinking fund has been set up and an asset management company hired to manage the property investments which also include offices in Reading, Slough and Uxbridge.
As the Public Works Committee chair, I implemented a municipal services budget for water and sewer that included a set aside for a sinking fund in order to fix the water mains and sewer lines when they reach the end of their useful life.
Revenues generated by the BTr for November likewise improved by 10 percent year-on-year to P4.7 billion due to higher income from national government deposits and the bond sinking fund or securities stabilization fund, dividend collections from state corporations, and the national government's share in the income of the Philippine Amusement and Gaming Corp.
Report author Finbar McDonnell explained: "The vast majority of property managers told us that the reason apartment buildings haven't set aside sufficient funds is because property owners do not wish to pay increased service charges now, in order to build a sinking fund for the future.
I would like to use this as an example of forward thinking and financial planning that transfers seamlessly into the world of property management through the operation of the humble sinking fund.
MFABC also retains modest operating and debt reserves (via its DRF) as well as more than C$3 billion in sinking fund set-asides.