Meaning Of The Word Sinking fund
What's the definition of Sinking fund? Find Sinking fund meanings, definitions and more at the Real Dictionary online.
Sinking fund Meaning
| Sinking fund Definition |
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What's The Definition Of Sinking fund?
sinking fund in American English
a fund made up of sums of money set aside at intervals, usually invested at interest, in order to meet a specified future obligation, as the retirement of bonds at maturity noun: a fund to extinguish an indebtedness, usually a bond issue sinking fund in British English noun: 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 sinking fund in Finance noun: A sinking fund is a fund where a company sets aside money for future repayment of bonds. |
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