Difference between revisions of "Sinking fund"

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Revision as of 19:42, 20 December 2018

Sinking fund is a fund that accumulates cash to pay off bonds when they are retired.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Sinking fund. A fund that accumulates cash to pay off bonds when they are retired.

Related concepts

Related coursework