sinking fund

noun

1. a fund to extinguish an indebtedness, usually a bond issue.

sinking fund

noun

1. 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

1. A fund into which companies or governments place money to redeem their bonds and other forms of indebtedness.

Word History and Origins

Origin of sinking fund¹

First recorded in 1715–25

Example Sentences

In his budget speech of 1793 he announced that he would always maintain the sinking fund.

From Project Gutenberg

The money may be repaid by equal instalments of principal, or of principal and interest, or by means of a sinking fund.

From Project Gutenberg

It amounts, as a person of great ability said in the debate, to an unlimited power of drawing upon the Sinking Fund.

From Project Gutenberg

It amounts, as a person of great ability said in the debate, to an unlimited power of drawing upon the sinking fund.

From Project Gutenberg

The issuing of the bonds and the care of the sinking fund were intrusted to the Comptroller.

From Project Gutenberg

Related Words

• cache
• reserve fund
• savings
• savings account
• stash
• stockpile