Found 2 items, similar to Sinking fund.
English → English (WordNet)
Definition: sinking fund
sinking fund
n : a fund accumulated regularly in a separate account and used
to redeem debt securities
English → English (gcide)
Definition: Sinking fund
Fund
\Fund\, n. [OF. font, fond, nom. fonz, bottom, ground, F.
fond bottom, foundation, fonds fund, fr. L. fundus bottom,
ground, foundation, piece of land. See
Found to establish.]
1. An aggregation or deposit of resources from which supplies
are or may be drawn for carrying on any work, or for
maintaining existence.
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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.
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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.
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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.
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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.
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An inexhaustible fund of stories. --Macaulay.
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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.
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Sinking
\Sink"ing\,
a. & n. from
Sink.
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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.
[1913 Webster]