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:
“they smile in secret, looking over wasted lands,
Blight and famine, plague and earthquake, roaring deeps and fiery sands,
Clanging fights, and flaming towns, and sinking ships, and praying hands.”
—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)
“This is the debt I pay
Just for one riotous day,”
—Paul Laurence Dunbar (1872–1906)