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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebSinking FundDescription:A sinking fund refers to a fund set aside by an organization or government to gradually accumulate assets over time, enabling the repayment of debts or the replacement of assets in the future. This strategic reserve helps ensure financial stability and is usually funded through regular contributions or investments. Examples:Noun - Financial:1. The company established a sinking fund to gradually pay off its outstanding debts before the maturity date. 2. The government's sinking fund allowed for the timely replacement of outdated infrastructure without burdening the taxpayers with sudden expenses. Noun - Education:1. The university's sinking fund helped finance the construction of a new library to meet the growing demands of the student population. 2. With the help of the community's contributions, the sinking fund of the school district enabled the renovation of multiple schools. Noun - Real Estate:1. The homeowner utilized a sinking fund to prepare for major repairs and maintenance costs that may arise in the future. 2. The property management company created a sinking fund to cover unexpected expenses for repairing and upgrading shared amenities. Related Products: | ||||
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