He advocated its extinction by an annual sinking fund.
"The lawyer says that this does not have the 'excess arbitrage' features of invested sinking funds," said Mr. van Kuller.
In most jurisdictions a sinking fund is also required to accumulate funds to undertake future renewals and replacements involving substantial capital expenditure.
Those ended abruptly with Harstell's mention of a ten-percent sinking fund; for that was the point at which the radio had been cut off.
Almost its only significant proposal was concerned with debt management and the Creation of a new sinking fund.
The notes are not redeemable before maturity and are not entitled to any mandatory sinking fund.
In 1892, a "sinking" fund was established to pay for the upkeep of the cemetery during times of insufficient income.
It's money that came in from out-of-town clubs toward our new sinking fund.
That, in turn, entails the creation of a larger sinking fund, by drawing from the clubs that already belong.
The 2007 bonds may mature much sooner, since they are subject to a mandatory sinking fund and optional payments by the hospital.
