Sinking Fund Appropriation On Debt
Sinking fund is just like a reserve fund which is used for repayment of loan. So, this fund is also created from the company's profit for repayment of loan. This fund will be at a specific rate on the taken debt.
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Famous quotes containing the words sinking, fund and/or debt:
“And this gray spirit yearning in desire
To follow knowledge like a sinking star,
Beyond the utmost bound of human thought.”
—Alfred Tennyson (1809–1892)
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (1833–1901)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)