sinking fund

sinking fund
sinking fund see fund 1

Merriam-Webster’s Dictionary of Law. . 1996.

sinking fund
To spread the burden of major capital expenditure on a building, the tenant may be required to contribute regular periodic amounts, either in addition to or inclusive within the service charge to be collected as a separate fund which will be used to cover the eventual cost. Tenants need to be assured that the fund is effectively ring-fenced so that the landlord cannot spend the accumulated funds before they are due to be used. The funds held by the landlord are likely to be subject to trust under section 42 Landlord and Tenant Act 1987.

Easyform Glossary of Law Terms. — UK law terms.


sinking fund
n.
A fund used to accumulate money to replace equipment as it wears out, to repay debts as bonds mature, or for other long-term financial obligations.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


sinking fund

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


sinking fund
n. A fund with regular deposits made to it that is kept to pay off corporate or governmental debt.

Webster's New World Law Dictionary. . 2000.

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Look at other dictionaries:

  • Sinking fund — Sinking Sink ing, a. & n. from {Sink}. [1913 Webster] {Sinking fund}. See under {Fund}. {Sinking head} (Founding), a riser from which the mold is fed as the casting shrinks. See {Riser}, n., 4. {Sinking pump}, a pump which can be lowered in a… …   The Collaborative International Dictionary of English

  • Sinking fund — Fund Fund, n. [OF. font, fond, nom. fonz, bottom, ground, F. fond bottom, foundation, fonds fund, fr. L. fundus bottom, ground, foundation, piece of land. See {Found} to establish.] 1. An aggregation or deposit of resources from which supplies… …   The Collaborative International Dictionary of English

  • sinking fund — n. a fund made up of sums of money set aside at intervals, usually invested at interest, in order to meet a specified future obligation, as the retirement of bonds at maturity …   English World dictionary

  • Sinking-fund — (engl., sinkender Fond, Tilgungsfond, Tilgungsstamm), in England das durch die jährliche Zinsersparung anwachsende Vermögen zur Verminderung der Staatsschuld, s.u. Schuldentilgung …   Pierer's Universal-Lexikon

  • Sinking fund — (engl., spr. ßingking fönnd), soviel wie Tilgungsfonds (s. d.) …   Meyers Großes Konversations-Lexikon

  • Sinking fund — (engl., spr. fönnd), s.v.w. Amortisationsfonds (s. Amortisation) …   Kleines Konversations-Lexikon

  • Sinking fund — Sinking fund, engl., Tilgungsfond …   Herders Conversations-Lexikon

  • sinking fund — sinking .fund n technical money saved regularly by a business to pay for something in the future …   Dictionary of contemporary English

  • sinking fund — sinking ,fund noun count money you save in order to pay for something in the future …   Usage of the words and phrases in modern English

  • Sinking fund — Historical ContextA Sinking Fund was a device used in Great Britain in the 18th century to reduce national debt. While used by Robert Walpole in 1716 and effectively in the 1720s and early 1730s, it originated in the commercial tax syndicates of… …   Wikipedia

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