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sinking fund

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.02 sec.

sinking fund

Money set aside for the repayment of debt. For a company, a sinking fund is used to allow annually for depreciation; in the case of a nation, a sinking fund pays off a part of the national debt.



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? Mentioned in ? References in classic literature
 
A saving of five hundred millions annually had far more virtue than the accumulation of a sinking fund whose dangers were plainly to be seen.
Bureaucracy by de Balzac, Honore View in context
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