sinking fund
noun
: a fund set up and accumulated by usually regular deposits for paying off the principal of a debt when it falls due
Examples of sinking fund in a Sentence
Recent Examples on the Web
Anyone who does qualify for student loan forgiveness could use a sinking fund to pay your taxes.
—
Dan Perry, Newsweek, 4 Jan. 2025
Start a sinking fund This time of year can be expensive because everything piles up at once.
—Emmie Martin, Cfp®, CNBC, 20 Dec. 2024
But sinking funds into that pipeline would be a major gamble.
—Alex De Waal, Foreign Affairs, 7 Feb. 2013
In Royal Oak, voters decisively approved the renewal of a millage that funds the school district's sinking fund.
—Bill Laitner, Detroit Free Press, 9 Nov. 2022
If approved, village will add $3,371 annually to a sinking fund so the shades can be replaced when needed.
—Quinn Clark, Journal Sentinel, 25 Aug. 2022
Building and site sinking fund millage proposals for things such as infrastructure improvements and repairs, security improvements and technology upgrades were on ballots in Grosse Ile Township Schools.
—Christina Hall, Detroit Free Press, 11 Mar. 2020
The interest and sinking fund is commonly known as the district’s debt service rate.
—Elliott Lapin, Houston Chronicle, 18 Sep. 2019
The school district’s property tax rate is comprised of two elements, a maintenance and operation rate and an interest and sinking fund, which are combined to create the tax rate paid by property owners.
—Elliott Lapin, Houston Chronicle, 18 Sep. 2019
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Dan Perry, Newsweek, 4 Jan. 2025
Start a sinking fund This time of year can be expensive because everything piles up at once.
—Emmie Martin, Cfp®, CNBC, 20 Dec. 2024
But sinking funds into that pipeline would be a major gamble.
—Alex De Waal, Foreign Affairs, 7 Feb. 2013
In Royal Oak, voters decisively approved the renewal of a millage that funds the school district's sinking fund.
—Bill Laitner, Detroit Free Press, 9 Nov. 2022
If approved, village will add $3,371 annually to a sinking fund so the shades can be replaced when needed.
—Quinn Clark, Journal Sentinel, 25 Aug. 2022
Building and site sinking fund millage proposals for things such as infrastructure improvements and repairs, security improvements and technology upgrades were on ballots in Grosse Ile Township Schools.
—Christina Hall, Detroit Free Press, 11 Mar. 2020
The interest and sinking fund is commonly known as the district’s debt service rate.
—Elliott Lapin, Houston Chronicle, 18 Sep. 2019
The school district’s property tax rate is comprised of two elements, a maintenance and operation rate and an interest and sinking fund, which are combined to create the tax rate paid by property owners.
—Elliott Lapin, Houston Chronicle, 18 Sep. 2019
Cite this Entry
“Sinking fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/sinking%20fund. Accessed 28 Feb. 2025.
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