Sinking Fund - Law Dictionary Search Results

sinking fund

sinking fund see fund

Sinking fund. A fund formed for the redemption of a debt by

periodic payments of principal and interest or payments to a sinking fund b : to gradually reduce the cost of (as an

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provide services for: as a : to meet interest and sinking fund payments on (debt) [didn't have the cash flow to a

tenements into mortmain; (2) the redemption of debt by a sinking fund.

set up by mutual insurance companies to cover unforeseen losses sink·ing fund : a fund set up and accumulated by regular

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