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Sinking fund   /sˈɪŋkɪŋ fənd/   Listen
Sinking fund

noun
1.
A fund accumulated regularly in a separate account and used to redeem debt securities.





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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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