sinking fund
/ˈsɪŋkɪŋ fʌnd/noun
उच्चारण सिंकिंग फ़न्ड
निक्षेप निधि, ऋण-शोधन निधि
Advanced word
noun
- 1
[C] finance
money that a government, company or society regularly saves in order to pay off a debt or replace something in the future
निक्षेप निधि, ऋण-शोधन निधि
- The housing society keeps a sinking fund for major repairs.
- The state set up a sinking fund to repay its loans.