SINKING FUND • DICTIONARY ONE.COM • Definition of Sinking fund

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/sˈɪŋkɪŋ fənd/ Listen

noun

Fund n.

1.

An aggregation or deposit of resources from which supplies are or may be drawn for carrying on any work, or for maintaining existence.

2.

A stock or capital; a sum of money appropriated as the foundation of some commercial or other operation undertaken with a view to profit; that reserve by means of which expenses and credit are supported; as, the fund of a bank, commercial house, manufacturing corporation, etc.

3.

pl. The stock of a national debt; public securities; evidences (stocks or bonds) of money lent to government, for which interest is paid at prescribed intervals; called also public funds.

4.

An invested sum, whose income is devoted to a specific object; as, the fund of an ecclesiastical society; a fund for the maintenance of lectures or poor students; also, money systematically collected to meet the expenses of some permanent object.

5.

A store laid up, from which one may draw at pleasure; a supply; a full provision of resources; as, a fund of wisdom or good sense. "An inexhaustible fund of stories."

Sinking fund, the aggregate of sums of money set apart and invested, usually at fixed intervals, for the extinguishment of the debt of a government, or of a corporation, by the accumulation of interest.

Sinking n. A. & n. from Sink.

Sinking fund. See under Fund.

Sinking head (Founding), a riser from which the mold is fed as the casting shrinks. See Riser, n., 4.

Sinking pump, a pump which can be lowered in a well or a mine shaft as the level of the water sinks.

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Etymology of 'Sinking fund'

Collaborative International Dictionary of English 0.48

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"Sinking fund" Quotes from Famous Books

... this have been since added many other intire duties, granted in subsequent years; and the annual interest of the sums borrowed on their respective credits is charged on and payable out of the produce of the sinking fund. However the neat surplusses and savings, after all deductions paid, amount annually to a very considerable sum; particularly in the year ending at Christmas 1764, to about two millions and a quarter. For, as the interest on the national debt has ...

— Commentaries on the Laws of England - Book the First • William Blackstone

... sweet little dark-eyed French-descended angel in Detroit, whom I will then marry at once," smilingly answered Jack Witherspoon, "that is, as soon as Papa Worthington has given me the sinking fund. Any college man is a fool now who marries in these days unless he has the assured income on the principal of a quarter of ...

— The Midnight Passenger • Richard Henry Savage

... to Dr. Crummell's support and the outcome was the determination to build a church. A sinking fund association, composed of young people from different sections of the city, and in which other denominations were represented, was a most active factor. The enthusiasm was intense. The corner stone was laid in 1876 at Fifteenth and Sampson Streets, ...

— The Journal of Negro History, Volume 7, 1922 • Various

... rights as well as the future. Sacrifices should be reasonably averaged. An annual sinking fund of 5 per cent. would extinguish the war debt in ...

— War Taxation - Some Comments and Letters • Otto H. Kahn

... the vulgar acceptation of a pie-crust, whenever they cover any advantage, it is but breaking them, and down with friendship and honour in a bite. He looks upon interest to be the true law of nature, and principal a Sinking Fund, in which no Dutchman should be concerned. He looks upon money to be the greatest good upon earth, and a pickled herring {83}the greatest dainty. If you would ask him what wisdom is, he'll answer you, Stock. If you ask him what benevolence is, he'll reply, ...

— A Lecture On Heads • Geo. Alex. Stevens

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