Sinking Fund Definition

sĭngkĭng
noun
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.
Webster's New World
A fund accumulated to pay off a corporate or public debt.
American Heritage
A fund with regular deposits made to it that is kept to pay off corporate or governmental debt.
Webster's New World Law
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Other Word Forms of Sinking Fund

Noun

Singular:
sinking fund
Plural:
sinking funds

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