Biography Category
Name :
sinking fund
Date :
Views :
265
Category :
Birth Date :
01/01/1970
Birth Place :
Not available
Death Date :
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sum set apart periodically from the income of a government or a business and allowed to accumulate in order ultimately to pay off a debt. A preferred investment for a sinking fund is the purchase of the government’s or firm’s bonds that are to be paid off. Usually the fund is administered by a trustee. See amortization.
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