Sinking Fund: Difference between revisions
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{{Learning concept | {{Learning concept | ||
|Description=An account managed by the bond trustee for early bond redemption. | |Description=An account managed by the bond trustee for early bond redemption. | ||
It is cash set aside by a corporation at regular intervals (usually with a trustee) for the purpose of repaying a bond issue at its maturity date. | |||
|Wikipedia reference=http://en.wikipedia.org/wiki/Sinking_fund | |Wikipedia reference=http://en.wikipedia.org/wiki/Sinking_fund | ||
}} | }} | ||
Latest revision as of 23:40, 19 January 2014
Description
An account managed by the bond trustee for early bond redemption.
It is cash set aside by a corporation at regular intervals (usually with a trustee) for the purpose of repaying a bond issue at its maturity date.
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/Sinking fund
Learning Material
Covered in Topic(s)
| Interest Rates and Bond Valuation |
| Liabilities |