0 votes
What is the purpose of a sinking fund?

1 Answer

0 votes
A sinking fund is a part of a bond indenture or preferred stock charter that requires the issuer to regularly set money aside in a separate custodial account for the exclusive purpose of redeeming the bonds or shares.
Welcome to our site, where you can find questions and answers on everything about renting houses, apartments, villas, flats and other property in many countries
...