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sinking fund
sink·ing fund [ síngking fùnd ] (plural sink·ing funds)


noun 
Definition:
 
fund reserved to pay debt: a fund created by setting aside regular sums for investment, usually in bonds, in order to repay a debt that will fall due at a future date
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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