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Sinking fund |
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Sinking fundMoney regularly set aside by a company to redeem its bonds, debentures or preferred stock from time to time as specified in the indenture or charter.Sinking fundA fund to which money is added on a regular basis that is used to ensure investor confidence that promised payments will be made and that is used to redeem debt securities or preferred stock issues.Sinking fund Similar MatchesSinking fund requirementSinking fund requirementA condition included in some corporate bond indentures that requires the issuer to retire a specified portion of debt each year. Any principal due at maturity is called the balloon maturity. |
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