sinking fund
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
A sinking fund is essentially a savings account you put aside for specific future expenses — holiday spending, in this case.
From Salon ● Nov. 26, 2024
To grow your money before the holiday rush, consider parking your sinking fund in high-yield savings accounts that often let you earn up to 5% APY.
From Salon ● Nov. 26, 2024
Let’s take the HOA example: If annual dues are $500 and you have six months to save, you need to put about $83 a month in your sinking fund.
From Seattle Times ● Mar. 10, 2022
The sinking fund should provide the council with a cushion to get through the next couple of years.
From Reuters ● Jun. 24, 2020
A sinking fund is a convenient means frequently resorted to for redemption of a debenture debt, and is especially suitable where the security is of a wasting character, leaseholds, mining property or a patent.
From Encyclopaedia Britannica, 11th Edition, Volume 7, Slice 10 "David, St" to "Demidov" by Various
