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sinking fund

noun

Definition of sinking fund

  1. :  a fund set up and accumulated by usually regular deposits for paying off the principal of a debt when it falls due

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First Known Use of sinking fund

1724

Law Dictionary

sinking fund

  1. see fund 1

Learn More about sinking fund

  1. See words that rhyme with sinking fund Britannica.com: Encyclopedia article about sinking fund

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