Sinking-fund

Definitions

  • Chambers's Twentieth Century Dictionary
    • n Sinking-fund a fund formed by setting aside income every year to accumulate at interest for the purpose of paying off debt
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Etymology

Chambers's Twentieth Century Dictionary
A.S. sincan; Ger. sinken, Dut. zinken.

Usage

In literature:

You can just credit the sinking-fund with eight hundred certificates at from seventy-five to eighty.
"The Financier" by Theodore Dreiser
The Sinking Fund was established.
"History of the Moravian Church" by J. E. Hutton
She saw the fallacy of Mr. Pitt's sinking fund when her father believed in it.
"An Autobiography" by Catherine Helen Spence
With eyes fixed on the ceiling, sits at his side the profound Parent of a Treatise on the Sinking Fund.
"The Mirror of Literature, Amusement, and Instruction," by Various
Upkeep, interest and sinking fund at 15 per cent, on L1,292 = L193.8 = per day.
"Scientific American Supplement, No. 799, April 25, 1891" by Various
This is ensured by the action of the Sinking Fund of 1 per cent.
"International Finance" by Hartley Withers
The bonds now held by the Treasury amount to about seventy-five millions, including those belonging to the sinking fund.
"A Compilation of the Messages and Papers of the Presidents: Ulysses S. Grant" by James D. Richardson
This has substantially supplied the requirements of the sinking fund for that year.
"Messages and Papers of Rutherford B. Hayes" by James D. Richardson
The Annuities are redeemable by a Sinking Fund in 85 years.
"Showell's Dictionary of Birmingham" by Thomas T. Harman and Walter Showell
These peoples tax themselves freely, create sinking funds, and make heavy sacrifices to pay off their money obligations.
"The Inside Story Of The Peace Conference" by Emile Joseph Dillon
This loss, let it be observed, will fall upon a fund expressly devoted to sink the national debt.
"American Eloquence, Volume I. (of 4) Studies In American Political History (1896)" by Various
This would mean an annual payment for interest (apart from sinking fund) of $6,000,000,000.
"The Economic Consequences of the Peace" by John Maynard Keynes
This would immediately raise the funds, and thereby would counteract the sinking fund itself in a very material degree.
"An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations." by William Playfair
The most original feature of the financial system instituted by this statesman, however, was the sinking fund.
"Continental Monthly, Volume 5, Issue 4" by Various
This act contained a clause by which the sinking fund was established.
"The History of England in Three Volumes, Vol.II. From William and Mary to George II." by Tobias Smollett
An annual sinking fund of five per cent.
"The Rise and Fall of the Confederate Government, Vol. 1 (of 2)" by Jefferson Davis
He looks upon interest to be the true law of nature, and principal a Sinking Fund, in which no Dutchman should be concerned.
"A Lecture On Heads" by Geo. Alex. Stevens
In 1899 the provisions for the sinking-fund were also included.
"The Government of England (Vol. I)" by A. Lawrence Lowell
No one who has not tried it knows what a sinking-fund land is.
"'O Thou, My Austria!'" by Ossip Schubin
The amount of this loan was $7,000,000, which has been reduced by the operations of the sinking fund to $6,721,000.
"Industrial Cuba" by Robert P. Porter
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In poetry:

Whoever will bring
This aforesaid thing
To the well-known house of Robinson and Jenkin,
Shall be paid, with thanks,
In the notes of banks,
Whose Funds have all learn'd "the Art of Sinking."
"The Sinking Fund Cried" by Thomas Moore
Take your bell, take your bell,
Good Crier, and tell
To the Bulls and the Bears, till their ears are stunn'd,
That, lost or stolen,
Or fall'n through a hole in
The Treasury floor, is the Sinking Fund!
"The Sinking Fund Cried" by Thomas Moore

In news:

South Pacific Fund Has Sinking Feeling .
In 1716, Parliament proposed an ingenious, and fairly uncontroversial, way to reduce this debt, called a sinking fund .
WB district seeks building and site sinking fund levy.
WLCSD renewal of 0.5-mill sinking fund before voters.
Sinking fund approval to fund better schools.
Fenton Schools' sinking fund millage wins renewal.
Negaunee school sinking fund millage OK'd.
Residents of the Negaunee Public Schools district have voted once again to renew the school district's sinking fund millage.
FENTON, MI – Fenton School District voters will decide on Aug 7 if they want to renew the sinking fund millage.
The district sinking fund committee has been active since the passage by voters in February 2012.
HORTON – The Hanover-Horton School District's sinking fund likely will stay afloat.
OTTAWA LAKE — Whiteford school officials want input from the community on whether or not they should seek a sinking fund to pay for capital improvements projects.
When residents in the Cedar Springs Public Schools district go to the polls May 3, they will be asked to approve a one mill sinking fund levy to help fund maintenance and repairs on the school campus.
In 1716, Parliament proposed an ingenious, and fairly uncontroversial, way to reduce this debt, called a sinking fund.
Sinking fund generates $2 million annually for Walled Lake schools.
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