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 ?
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.
It is assumed that the periodic income charges to the sinking fund should be represented by real payments reflected in the movement of cash funds.
We are already concerned about the high service charges, but now we are being asked to pay up to PS900 a year to set up a sinking fund.
Jones Onyereri, the Chairman, House of Representatives Committee on Banking and Currency, has announced that the Central Bank of Nigeria (CBN) would provide N50 billion for the Assets Management Corporation (AMCON) sinking fund.
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.
THE DEPARTMENT of Energy is drafting a circular that will mandate all companies holding a Philippine petroleum service contract to submit an "abandonment" or exit plan to be followed when their licenses expire, as well as maintain a sinking fund solely for this purpose.
The Nigerian government has said that it planned to set up a sinking fund in its 2013 budget.
Residents at the block of flats in Jesmond, Newcastle, say mismanagement of the sinking fund for the building has left it deep in the red.
In most instances developers had no idea how much service fees were upon sale, never mind the sinking fund.
Fifth, the taxpayer did not establish a sinking fund for repayment.
When there is a dispute, the courts look at factors such as the presence or absence of a written note, scheduled payments, a fixed interest rate, interest payments, collateral and a sinking fund.
It is beneficial for flat leases to allow the landlord or the management company to build up a sinking fund.