Sinking Fund

Business / Accounting / Sinking Fund: An account set up to reduce another account to zero over time (using the principles of amortization or straight line depreciation). Once the sinking fund reaches the same value as the other account, both can be removed from the balance sheet.

Other Words for Fund

Fund Noun Synonyms: finance, back, capitalize, stake, support, pay for, endow, grant, subsidize
Fund Adjective Synonyms: supply, stock, reserve, store, pool, cache, reservoir, repository, mine
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Other Words for Sinking

Sinking Noun Synonyms: depressed, dejected, miserable, dolorous, doleful, mournful, forlorn, woeful, desolate, despairing, stricken, heavy-laden
Sinking Verb Synonyms: queasy, nervous, uneasy, tense, apprehensive, unquiet, fretful, shaky, jittery, jumpy, anxious
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Purchase Fund

Business / Finance / Purchase Fund: Resembles a sinking fund, except that money is used to purchase bonds only if they are selling below their par value. MORE

Prerefunding

Business / Finance / Prerefunding: Procedure of floating a second bond at a lower interest rate in order to pay off the first bond at the first call date and to reduce overall borrowing costs. MORE

Prime Rate Fund

Business / Finance / Prime Rate Fund: A mutual fund that buys portions of corporate loans from banks and pays the interest to shareholders. MORE

Private Export Funding Corporation (PEFCO)

Business / Finance / Private Export Funding Corporation (PEFCO): Company that mobilizes private capital for financing the export of big-ticket items by U.S. firms by purchasing at fixed interest rates the medium- to long-term debt obligations of importers of U.S. p MORE

Proprietary Fund

Business / Taxes / Proprietary Fund: Proprietary mutual funds are offered for sale by the financial institution — such as a bank, investment company, or brokerage firm — that sponsors the funds. Characteristically, the funds' names i MORE

Prerefunded Bond

Business / Finance / Prerefunded Bond: Refunded bond. MORE

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