sinking-fund bond

noun

Definition of sinking-fund bond

: a bond issued with a provision that a specified amount or percentage of the issuer's income will be paid annually into a sinking fund set up to retire the bond issue

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Cite this Entry

“Sinking-fund bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/sinking-fund%20bond. Accessed 9 Dec. 2021.

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