what is sinking fund
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SINKING FUND
A sinking fund is a fund containing money set aside or saved to pay off a debt or bond. A company that issues debt will need to pay that debt off in the future, and the sinking fund helps to soften the hardship of a large outlay of revenue
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a fund fromed by periodically setting aside money for the gradual repayment of adebt or replacement of wasting asset.
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