sinking fund

A fund consisting of regular deposits that are accumulated with interest to pay off a long-term corporate or public debt. — Abbr. SF. [Cases: Corporations 486; Municipal Corporations 951. C.J.S. Corporations § 671; Municipal Corporations §§ 1704–1705.]

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词条贡献者

双语律师Matthew，国际知名法学院法律专业，擅长翻译各类与商业秘密起诉与调查相关的法律文件。