Identity area
Type of entity
Authorized form of name
Unknown
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Standardized form(s) of name according to other rules
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Identifiers for corporate bodies
Description area
Dates of existence
History
A sinking fund is a fund accumulated and set aside by a corporation or government agency for the purpose of periodically redeeming bonds, debentures, and preferred stocks. The fund is accumulated from earnings, and payments into the fund may be based on either a fixed percentage of the outstanding debt or a fixed percentage of profits. Sinking funds are administered separately from the corporation's working funds by a trust company or a sinking-fund trustee.