what is a sinking fund bond
March 08, 2021sinking fund bond A bond issue for which the issuer is required to establish a sinking fund to provide for the orderly retirement of the bonds. A sinking fund should be part of your overall budget a line item (or several) devoted to savings you squirrel away for irregular future expenses. In fact, it's a crucial component to the paycheck budgeting method , popularized by Kumiko Love (her pen name), an accredited financial counselor, blogger and founder of The Budget Mom . Definition of sinking fund : a fund set up and accumulated by usually regular deposits for paying
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