Definition of SINKING FUND.


SINKING FUND.

A fund arising from particular taxes, imposts, or
duties, which is appropriated towards the payment of the interest due on a
public loan and for the gradual payment of the principal. See Funding System.




Source: Bouviers Law Dictionary 1856 Edition

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z