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sinking fund call
sinking fund call definition - business
sinking fund call
An issuer's call of a portion of an outstanding bond issue to satisfy the issue's sinking fund requirement. A sinking fund call is generally at par value, with the bonds to be called determined by lot. Most bond issues provide investors with a period of protection between the date on which the issue is originally sold and the date on which the first sinking fund call takes place. See also extraordinary call, optional call.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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