Fund

The sinking fund is money set aside by the Government for paying off a part of the national debt. This money is “sunk,” or withdrawn from circulation, for the bonds purchased by it are destroyed.

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

More on Fund from Fact Monster:

  • Mutual Fund Calculators - mutual fund calculators
  • sinking fund - sinking fund sinking fund, sum set apart periodically from the income of a government or a business ...
  • fund-raising - fund-raising fund-raising, large-scale soliciting of voluntary contributions, especially in the ...
  • World Wildlife Fund - World Wildlife Fund World Wildlife Fund (WWF), international organization formed to raise money for ...
  • mutual fund - mutual fund mutual fund, in finance, investment company or trust that has a very fluid capital ...

Related Content